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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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  • Monday 2 August 2021

    SAVE THE DATE! MONDAY 4 - THURSDAY 7 OCTOBER 2021 Don't forget to save the dates for this year's ALEP conference w… https://t.co/8ctxPLpABi

  • Friday 30 July 2021

    @thpsolicitors Congrats! Great to have you as members! #BestoftheBest

  • Thursday 29 July 2021

    Trust & Collaboration: ALEP and @KerryLondonLtd share the secret of a successful partnership A lot can change in t… https://t.co/EJqDMgn2ci

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