commonhold
C2CEFR level
95/100Rarity: very rare
TechnicalRegister
Law noun
A form of freehold ownership of a flat within a building jointly managed by its owners.
They converted the block to commonhold so the residents could run it themselves.
Business noun
A form of freehold ownership of an individual unit within a multi-occupancy building, with the common parts jointly managed.
Converting the block to commonhold gave each owner a stake in the shared corridors and roof.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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