Commonhold is a form of property ownership in which individual owners hold a freehold interest in their own units, such as flats or apartments, while sharing ownership of common areas, like hallways and gardens. This system allows residents to have more control over their property and the management of shared spaces, as decisions are made collectively. In a commonhold arrangement, a Commonhold Association is established to manage the shared areas and ensure maintenance. Each owner contributes to the costs associated with these common facilities, promoting a sense of community and shared responsibility among residents.