Right of First Refusal - Section 5 Notices & Purchasing the Freehold
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Learn Live
Right of First Refusal - Section 5 Notices & Purchasing the Freehold
Introduction
This virtual classroom seminar will discuss purchasing the freehold and the right to first refusal (Part 1 of the Landlord and Tenant Act 1987).
After this session you will understand what notice must be served when and on who, and what the notice/s must contain. This is not to be confused with enfranchisement.
What You Will Learn
This live and interactive session will cover the following:
- What is Right of First Refusal?
- Not to be confused with enfranchisement
- Prices set by landlord or at auction
- The Key Components
- The premises: ‘the whole or part of a building’
- Landlord/immediate landlord
- Qualifying tenants: long leaseholders
- Sale or Transfer - Disposal
- When?
- Which section 5 notice?
- Who to serve?
- What must be set out in the section 5 notice?
- Relevant timeframes
- What Happens if a Section 5 Notice is Not Served?
- Section 3 notice by the new landlord
- Section 11A notice request for information
- Section 12 notices - which one?
- Relevant timeframes
- Subsequent and Prospective Purchasers?
- The right of remedy remains
- Section 18 notice
- Recent Case Law
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.