Purchasing your freehold – Right of first refusal
Leaseholders have a right of first refusal when a freehold is sold. However, it is important that you have expert solicitors on your side to ensure you are able to exercise this right effectively.
At Brady Solicitors we are experts in supporting leaseholders to enjoy control of their residential apartment block. There are many tactics you should be aware of that may make the process harder for leaseholders to purchase the freehold.
Brady Solicitors can advise you on:
- Whether your block qualifies for right of first refusal
- Getting enough leaseholders on board to act together
- Timescales you need to act within
- What you should do if there is another prospective freeholder purchaser involved already
Often the first trigger for the process will be you receiving a Section 5 notice from your freeholder. Once you receive a notice then it pays to get in touch with us quickly.