Whilst commonhold will introduce greater market competition among agents to deliver value for homeowners as their clients, it will not address some of the drivers behind rising service charges, such as inflation. Nonetheless, commonhold will improve transparency around how homeowners’ contributions are determined and spent, and give them a say in decisions over what works are carried out and when. Commonhold associations will gain responsibility for making decisions over the long-term stewardship of the building, including the duty to hold a reserve fund to save up for the cost of major maintenance works. (Conclusion, Paragraph 146) 106