Section 5B of the Landlord and Tenant Act 1987 requires the freeholder to notify the qualifying tenants in the event that he plans to sell the freehold to the property at auction.

For tenants, this means that they will have to act quickly if they want to consider accepting this offer. For landlords, this is a good way of ensuring a quick disposal with a definite end date. It may also be a good way of getting a market value or above market value price, although if the tenants act properly when the property is sold in the room, the successful bidder will know that the tenants have a ‘right of first refusal to complete on the same terms as they buyer (normally within 28 days) and therefore not all interested parties may bid. If you are selling a ground rent it may be better to investigate an informal approach to those looking to buy.

In response to some recent questions, I wrote an article that appeared recently ‘Landlord and Buy to Let’ Magazine.

see:

http://www.joomag.com/magazine/landlord-buy-to-let-magazine/0540853001421676588?short

there is also some more information about this on http://www.leaseholdinfo.com

If you would like to discuss from the point of view of buying or selling a freehold, then by all means do get in contact with me to discuss.

Mark Chick

Mark Chick is a solicitor dealing with leasehold issues. This note (being very general in its nature) is not a complete statement of the law in this area.  It is therefore not a substitute for legal advice from a suitably qualified professional and should not be relied upon as such. No liability can therefore be accepted for any actions based on reliance upon it.

If you require legal advice please visit www.bishopandsewell.co.uk or email leasehold@bishopandsewell.co.uk

I recently had an article published in “Landlord & Buy to Let” Magazine on the subject of offer notices under the Landlord and Tenant Act 1987.

For further details on the article see:

http://www.joomag.com/magazine/landlord-buy-to-let-magazine/0540853001421676588?short

For any further information on this topic by all means email me at leasehold@bishopandsewell.co.uk

Mark Chick

Mark Chick is a solicitor dealing with leasehold issues. This note (being very general in its nature) is not a complete statement of the law in this area.  It is therefore not a substitute for legal advice from a suitably qualified professional and should not be relied upon as such. No liability can therefore be accepted for any actions based on reliance upon it.

If you require legal advice please visit www.bishopandsewell.co.uk or email leasehold@bishopandsewell.co.uk

I was delighted to attend the Annual LEASE Conference 2015 yesterday (4th February 2015) which was held at ETC Venues at Aldersgate Street, St Paul’s London.  Speakers included the new Chair of LEASE, Roger Southam and Tony Essien, Chief Executive of LEASE.

Members of the Landlord and Tenant Team from Bishop & Sewell including my colleague Chris Macartney were on hand to answer leaseholders’ questions at an ‘after event’ in the evening aimed at answering questions from members of the public.

We have supported such events over the years both with LEASE and the FPRA. These types of events always bring up a range of interesting questions and issues and if you would like to get in contact to discuss buying your freehold, extending a lease or any other landlord and tenant issue such as service charge disputes, issues with leases etc, then by all means do so.

If you were not able to attend the event but still have a question, by all means email: leasehold@bishopandsewell.co.uk and I will see if we can help.

Mark Chick

Mark Chick is a solicitor dealing with leasehold issues. 

If you require legal advice please visit www.bishopandsewell.co.uk or email leasehold@bishopandsewell.co.uk

I had the pleasure of chairing the 15th ALEP Conference held at the Royal Institution in Central London. There were a number of interesting debates including the 47 Philimore Gardens decision and the ongoing debate about relativity and also the Dolphin Square decision. Speakers included James Wilson from WA Ellis (Jones Lang Lasalle), Katharine Simpson, Mark Loveday from Tanfield Chambers and Sophie Chick and James Buckle from Savills.