C1Part 1Commonhold
Operation of commonhold
38AF1Building safety assessment
1
A commonhold community statement for a higher-risk commonhold must make provision—
a
requiring the directors of the commonhold association to make an annual estimate of the income required to be raised from unit-holders to meet the building safety expenses of the association,
b
enabling the directors of the commonhold association to make estimates from time to time of income required to be raised from unit-holders in addition to the annual estimate,
c
specifying the percentage of any estimate made under paragraph (a) or (b) which is to be allocated to each unit,
d
requiring each unit-holder to make payments in respect of the percentage of any estimate which is allocated to their unit, and
e
requiring the directors of the commonhold association to serve notices on unit-holders specifying payments required to be made by them and the date on which each payment is due.
2
For the purpose of subsection (1)(c)—
a
the percentages allocated by a commonhold community statement to the commonhold units must amount in aggregate to 100;
b
a commonhold community statement may specify 0 per cent in relation to a unit.
3
In this section—
“building safety expenses of the association” means the expenses incurred by the commonhold association or special measures manager for the higher-risk building in connection with taking measures that the association or manager is required or permitted to take under Part 4 of the Building Safety Act 2022, or regulations made under that Part of that Act;
“special measures manager” means a person appointed under paragraph 4 of Schedule 7 to the Building Safety Act 2022.
Pt. 1: transfer of functions (11.4.2018) by The Secretaries of State for Health and Social Care and for Housing, Communities and Local Government and Transfer of Functions (Commonhold Land) Order 2018 (S.I. 2018/378), arts. 1(2), 11 (with arts. 12-14)