[rcxdude]

The thing I don't understand about Commonhold is that it seems to be exactly the same as a lot of existing leasehold properties: About half of the leasehole properties I looked at when buying (generally the ones which were 2-4 flats in a building as opposed to a larger block) involved also getting a part share of the freehold. Also, you have a lot of rights as a leaseholder, especially as a group, so you can claim the freehold if the freeholder is charging excessively, so I'm not sure how much the change actually benefits you (If the government wanted to reduce abuses by freeholders, they would focus on making this process less expensive and messy).

[tialaramex]

Commonhold mostly tidies up the situation you describe, by writing it into the Law of the land rather than into individual leases and other paperwork. In the process it gets rid of the lease itself, since the freeholder exists only to further the goals of the Commonhold owners there's no need for finite leases which must be extended. So instead of paying some lawyer quite a lot of money for little more than a bit of photocopying and pasting stuff into forms every so often, that's all built in to a Commonhold out of the box.