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.