Why are commonhold schemes so rare? – Gareth Belsham explains in DFT

Speaking to Development Finance Today, our National Head of Building Surveying, Gareth Belsham discusses the rarity of commonhold schemes in the sector:

“First, there’s no requirement to pay ground rent, management fees or service charges to a third-party freeholder.

But the real appeal emerges over time, as there is no underlying lease – which is effectively a depreciating asset. “…

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