The Right of First Refusal - how a freeholder may dispose of their interest in a property, in what circumstances the Right of First Refusal must be offered to leaseholders, and the type of transactions covered by the Act.
In this FREE one-hour session, leasehold experts, Chris Macartney and Mark Chick, will be looking at the Landlord & Tenant Act 1987 and how it applies to residential leasehold property.
The Act is split into a number of parts, and we will be focusing on Part I, which deals with how a freeholder may dispose of an interest in property, and in what circumstances they are obliged to notify those who are affected by the transaction.
Typically, the Act applies to freeholders of a block of flats looking to sell the freehold; Chris and Mark will outline in what circumstances the Right of First Refusal must be offered to the long leaseholders, and the type of transactions that may be caught by the Act.
We will consider:
• when the Act applies, and which type of transactions are caught;
• the wider processes depending upon the type of disposal and the trips and traps that arise;
• what to do if the landlord/freeholder does not comply with the provisions of the Act.
Partner and joint Head of the Landlord & Tenant team
Chris is a leading practitioner in residential leasehold property law and regularly advises both landlords and tenants in complicated collective enfranchisement and lease extension claims.
In addition to acting for HNW individuals and large groups of tenants in coordinated applications for lease extensions and collective claims, Chris has developed a niche practice in acting for leaseholders in applications for new leases from the Crown, advising and acting for leaseholders in claims to acquire the freehold where the landlord is absent under the Landlord and Tenant Act 1987 and acquiring interests where the crown has disclaimed their interest in the building following dissolution of a limited company.
Added to significant advisory experience acting for clients including companies post enfranchisement in dealing with management of large blocks of flats Chris has a wide ranging client base encompassing individuals, corporates, developers and high net worth individuals.
Chris has been published in the Guardian and the Times in relation to Leasehold Reform matters and other industry related publications.
An approachable and friendly face Chris is well known in the sector as a safe pair of hands with practical and technical experience. Chris jointly heads the firm’s Landlord & Tenant department focusing on leasehold reform matters.
Partner and Head of the Landlord & Tenant team
Mark Chick is recognised as a leading UK authority in this sector. He is a Leasehold Reform specialist and has been a Partner at Bishop & Sewell LLP since 2006.
He is a director and a founder committee member of the Association of Leasehold Enfranchisement Practitioners (ALEP) the sector body to which all reputable valuers and solicitors working in the field of Leasehold Reform now belong.
Over the past ten years, Mark has developed Bishop & Sewell’s Landlord & Tenant practice to be one of the largest specialist teams in the UK. Under his direction the department has flourished, and he now leads a team of specialist solicitors and property experts.
He is a very well-known and highly regarded specialist in Landlord & Tenant matters. His expertise when it comes to leasehold reform issues is unparalleled. In 2016 Mark was awarded Solicitor of the Year at the Enfranchisement and Right to Manage Awards (ERMAs); Bishop & Sewell won the award as Solicitors of the Year in 2018 and was a finalist in 2021.
Mark is a member of the Leasehold Valuation Tribunal Frequent User Group Panel. His views as a leasehold reform specialist dealing with freehold purchase, lease extension, services charges and landlord & tenant matters can also be followed direct on LinkedIn and Twitter.