[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.