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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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  • Saturday 28 March 2020

    RT @katefaulkner: Excellent market analysis of the impact of coronavirus from Savills! https://t.co/SdqmqHOHCk

  • Thursday 26 March 2020

    Today we call on Gov. to extend statutory deadlines for filing applications to determine terms of collective claims… https://t.co/Scj9JRjw6G

  • Monday 23 March 2020

    The ALEP team is currently remote working but do you know you can find an ALEP practitioner online! Get help with:… https://t.co/asxsSYOOrZ

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