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commonhold

/ˈkɒmənˌhəʊld/
noun
1.
a form of property tenure in which each flat in a multi-occupancy building is individually wholly owned and common areas are jointly owned
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Contemporary definitions for commonhold
noun

in the UK, flat ownership similar to a US condominium association, where certain expenses and responsibilities are shared as a group

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