COP26: commonhold and climate change
18/10/2021
One of the significant advantages of commonhold is the flexibility to carry out works without the limitations that the leasehold system has. Any net zero works are likely to constitue "improvements", which most leases do not permit. This is where commonhold comes into its own as it allows the commonhold association to carry out improvements in a flexible manner. Existing commonhold associations may wish to explore the raft of government grants available for implementing net zero measures such as insulation installation or replacing their heating system with a carbon-neutral system. For new build commonholds, tackling climate issues is far more straightforward. Many new builds already offer net zero options such as electric vehicle charge points for example. With climate change becoming such a big issue, and with the flexibility that commonhold brings, surely this makes commonhold a better property ownership model? Next week, we will be looking at COP26 and leasehold.