# COMMONHOLD COMMUNITY STATEMENT
Date: 20 March 2029
Parties: Riverside Quays Commonhold Association Ltd and the unit-holders of Riverside Quays
## 1. Parties and purpose
Riverside Quays Commonhold Association Ltd (Company No. 15420118) is the commonhold association for the 24-unit development at 9 Dock View, Birmingham B1 2QH. This Commonhold Community Statement is to be read with the registered commonhold titles, the Commonhold and Leasehold Reform Act 2002 and the association’s articles; it does not replace registration requirements.
## 2. Scope, price and subject
Common parts are the roof, foundations, external walls, lifts, entrance hall, courtyard, cycle store, fire systems, plant room and accessways shown on Plan C. The association maintains and insures those parts; each unit-holder maintains the interior, windows where allocated by the statement, contents and any exclusive patio, and must allow reasonable access for inspection and repair.
## 3. Operating duties
A unit may be used as a private dwelling or a permitted home office, with no nuisance, illegal activity, short-term holiday letting or alteration affecting structure or appearance. A unit-holder must obtain association consent, planning permission and building-regulations approval where required, and reinstate unauthorised works. Subletting remains subject to the registered title and these rules.
## 4. Compliance, records and controls
The annual commonhold assessment for 2029 is £2,160 per unit, payable quarterly by standing order; the reserve contribution is £480 annually. The board adopts a ten-year maintenance plan, keeps reserve money in a separate account and gives an annual statement. Interest on late sums is 4% above Bank of England base rate, subject to law.
## 5. Term, ending and remedies
The board has three directors elected by unit-holders. The AGM needs 14 days’ notice, a quorum of six units and one vote per unit unless the 2002 Act or articles require otherwise. Conflicts must be declared and related directors abstain. The association consults unit-holders on material expenditure and keeps minutes and accounts available for inspection.
## 6. Liability and reservations
The association may seek payment, an injunction or other court remedy for breach after written notice and a reasonable opportunity to remedy. It must not use unlawful self-help, discriminate or restrict statutory rights. Buildings insurance is arranged for reinstatement value; each unit-holder insures contents, improvements and personal liability.
## 7. Governing law and signatures
English law governs and courts of England and Wales have jurisdiction. The association’s secretary Naomi Patel and a representative unit-holder, George Ellis, sign on 20 March 2029. If the commonhold is terminated, the statutory process under the Commonhold and Leasehold Reform Act 2002 prevails over these rules.