Major change will provide house owners a stake in the ownership of their structures and will hand them more power, control and security over their homes.

• Change will make sure flat owners are not second-class property owners which the unfair feudal leasehold system is brought to an end, building on the Plan for Change aspiration to increase living requirements
  
  Homeowners will have a stake in the ownership of their structures from day one, not need to pay ground lease, and will gain control over how their structures are run under significant strategies to bring the feudal leasehold system to an end.
  homescape.com
  Plans to renew commonhold and make it the default period have been revealed today. Unlike leasehold ownership where third-party property owners own buildings and make choices on behalf of property owners, these changes will empower tough working house owners to have an ownership stake in their structures from the beginning and will offer them greater control over how their home is handled and the expenses they pay.
  
  Supporting shipment of a manifesto commitment - these reforms mark the start of completion for the feudal leasehold system. The changes complement the Prepare for Change milestone to develop 1.5 million homes, combatting the severe and entrenched housing crisis by making homeownership suitable for the future, by putting people in control of the cash they spend on their home.
  homefinder.com
  Commonhold-type designs are used all over the world. The autonomy and control that it offers are taken for given in lots of other nations. It can and does work and the government is identified, through both new commonhold developments and by making conversion to commonhold simpler, to see it take root - so millions of existing leaseholders can likewise take advantage of this action modification in rights and security.
  
  Housing and Planning Minister Matthew Pennycook stated:
  
  " This government assured not only to provide instant relief to leaseholders suffering now however to do what is essential to bring the feudal leasehold system to an end - which is specifically what we are doing.
  
  " By taking decisive actions to reinvigorate commonhold and make it the default period, we will ensure that it is house owners, not third-party landlords, who will own the structures they reside in and have a higher say in how their home is handled and the expenses they pay.
  
  " These reforms mark the beginning of the end for a system that has seen millions of property owners based on unfair practices and unreasonable costs at the hands of their property owners and construct on our Plan for Change dedications to increase living standards and produce a housing system suitable for the twenty-first century."
  
  Following the introduction of an extensive new legal structure for commonhold, new leasehold flats will be prohibited, and in the meantime the federal government will continue to implement reforms to assist millions of leaseholders who are currently experiencing unreasonable and unreasonable practices at the hands of unethical freeholders and managing representatives.
  
  The government has already empowered leaseholders with more rights and security - enabling them to purchase their freehold or extend their lease without needing to wait two years from the point they purchased their residential or commercial property, and the right to manage - putting more leaseholders in the driving seat of the management of their residential or commercial property and service charges.
  
  Progress will be made as rapidly as possible to make it cheaper and easier for leaseholders to purchase their freehold or extend their lease, and to make it easier for leaseholders to challenge unreasonable service charge increases.
  
  Changes set out in the Commonhold White paper consist of:
  
  - New rules that will make it possible for commonhold to work for all types of developments, including mixed-use buildings and enabling shared ownership homes within a commonhold.
• Greater versatility over development rights, helping designers construct with self-confidence and keeping safeguards for the consumer.
• Giving mortgage lending institutions greater assurance with brand-new steps to secure their stake in buildings and secure the solvency of commonholds - such as mandatory public liability insurance coverage and reserve funds and greater oversight by commonhold unit owners to keep expenses budget friendly.
• Strengthening the management of commonholds, with new guidelines around designating directors, clear standards for repairs, and mandating use of reserve funds