Section 5 Notices

Section 5 Notices must be served by any freeholder looking to sell their freehold to an unrelated third party.

This is often known as the 'right of first refusal'. Leaseholders of the relevant building(s) must be notified of this intention and be given a chance to group together and make a rival bid either at auction or directly. If the freeholder fails to do this before selling the freehold, they could forfeit it to the group of leaseholders.

It is important to act very quickly if you receive a Section 5 Notice, as there are very tight timescales to consider.

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You can search for barristers, managing agents, project managers, solicitors or valuers who are all specialists in leasehold enfranchisement and will be able to provide you with qualified advice.

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  • Wednesday 7 December 2016

    RT @McDowallsSurvey: @ALEPofficial I had a great evening, always nice to catch up. Have a great Christmas and let's keep spreading the word…

  • Wednesday 7 December 2016

    Congratulations to @tibbsurveyors for his appointment to the ALEP committee! We’re looking forward to working together and a productive 2017

  • Wednesday 7 December 2016

    Thanks to all who attended last night's Seasonal Drinks & enjoyed #networking with the sector's best!

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