The London Assembly has called on the Mayor of London Sadiq Khan to introduce a commonhold pilot project on Greater London Authority (GLA) land.
The Assembly also urged Khan to lobby the government to introduce legislation to develop commonhold as an alternative to leasehold “as soon as possible”.
Commonhold differs to leasehold by having each unit-holder own the freehold of their home, along with a share of the commonhold association which owns and manages the common parts of the property.
It’s being touted as a long-term replacement to leasehold by the end of this parliament.
Andrew Boff AM, who proposed the motion, said: “The Mayor’s manifesto commitments included support for commonhold as an alternative to leasehold, and now the Assembly has iterated that he should be lobbying for changes in the law to provide this.
“This is the better alternative to leasehold, and would bring us into line with international standards – now the onus is on the Mayor to ensure this happens.”
Khan supported commonhold as an alternative to leasehold in his 2021 and 2024 election manifestos.