Standard Section 5A Notice (Freehold)

The Standard Section 5A Notice (Freehold) under UK law is a legal template that serves as a notice for property owners who are intending to sell their freehold property. This notice is required under the Leasehold Reform Act 1967 and must be served to the tenants of the property who have the right of first refusal to purchase the freehold interest.

The purpose of this notice is to inform the tenants of their rights and offer them the opportunity to exercise their right of first refusal, providing them with the option to purchase the freehold interest on the same terms as the potential sale to a third party.

The template typically includes details of the property being sold, the names of the current owner and tenants, and the proposed terms of the sale. It outlines the process and timeline for the tenants to respond if they wish to exercise their right of first refusal, including the deadline for the acceptance of the offer.

By using this legal template, property owners can ensure compliance with the legal requirements and facilitate a transparent and fair process when selling their freehold property.

• The document should be a notice under section 5A of the Landlord and Tenant Act 1987.

• The document should offer the tenants the right of first refusal when the landlord intends to enter into a contract to create or transfer an interest in land.

• Where the LTA 1987 is in effect, a landlord is not allowed to make the disposal of land until the "qualified tenants" of the apartments have received formal offer notices from the landlord first and Sections 6 through 10 of the LTA of 1987 regulations are followed in the disposal of the property.