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One problem with commonhold, as with leasehold flats where a residents' association/company owns the freehold, will be getting unit-holders actively involved. Based on personal experience of leasehold flats, it tends to be only a few people who bother to turn up to meetings, or offer to be directors, and decision-making is invariably by those few who are engaged (the rest moan afterwards but never show up when needed!). Therefore a "third party" landlord can often be a better bet. For the increasingly common large scale mixed developments, with the disparate elements of residential, commercial and leisure, a commonhold structure is going to be pretty complicated, particularly as to decision making and apportionment of running costs/maintenance charges. Other jurisdictions have made it work, so it must be possible, but - as with the house-buying process - it is likely to be the unpredictability of human beings that upsets the theory.