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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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  • Tuesday 19 January 2021

    RT @katefaulkner: Check List : How to choose a leasehold legal expert https://t.co/P95nfsXdLH #property > Powered by @ALEPofficial https:/…

  • Friday 15 January 2021

    We are so pleased with the uptake of our virtual coffee break and unfortunately our session is now full. We plan… https://t.co/0i8PSJ22Pb

  • Monday 11 January 2021

    The ALEP Coffee Break is back for 2021! After the success of our first event in November, we are returning on Wedn… https://t.co/L9ebtEwFUz

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