Legal obligation to offer the right of first refusal
Share on facebook
Share on linkedin

If you’re looking into selling the freehold of a property that contains flats, you need to know about the Right of First Refusal.

The Right of First Refusal is part of the Landlord and Tenant Act 1987, as amended by the Housing Act 1996, that requires you by law to offer the freehold to the qualifying tenants before disposing of the property.

If you’re not familiar with the Right of First Refusal, we’ve developed a comprehensive guide that explains everything you need to know before you sell your freehold. You’ll discover answers to the following frequently asked questions about the Right of First Refusal:

  • What is Right of First Refusal?
  • What properties require Right of First Refusal?
  • Who are qualifying tenants?
  • What happens if you don’t offer Right of First Refusal?
  • How does the Right of First Refusal work?
  • What is a Section 5A Notice?
  • What happens if the 5A offer is accepted?
  • When to seek legal advice
  • What happens if the 5A offer is not accepted?
  • What is a Section 5B Notice?

Take a look at our Right of First Refusal Guide to get all the information you need to sell your freehold legally:

Right of First Refusal Service

If your freehold property qualifies for the Right of First Refusal and you need assistance with serving the Section 5 Notices, we offer a professional Right of First Refusal service which many freeholders can take advantage of for free. Find out more here.

Get the latest news to your inbox

Sign up to be the first to read the latest freehold property industry news and view dedicated resources for freeholders and leaseholders.

Share this post with your friends

Share on facebook
Share on linkedin