The Leasehold and Freehold Reform Act 2024 has brought challenges to the property market, and there’s certainly a lot to consider for both freeholders and leaseholders, but in this episode, we’re looking at existing legislation and the current trend for freehold disposals.
We’re joined by Mark Chick, Senior Partner at Bishop & Sewell, and Chris Macartney, Head of the Landlord and Tenant Team. Together, they take a deep dive into this complex topic that affects anyone with an interest in disposing of or acquiring a freehold interest.
Mark and Chris kick off the discussion by unpacking the nuances of the “curiously drafted” Landlord and Tenant Act 1987.
They provide a detailed overview of Section 5 of the ‘87 Act, shedding light on the Right of Frist Refusal, the ambiguities, and what Section 5s mean for both freeholders and leaseholders.
Throughout this episode, you’ll gain an understanding of the rights and obligations of all parties involved. Mark and Chris also share real-life examples illustrating how selling property interests works in practice.
They cover essential topics such as procedures, timelines, and possible outcomes.
So, if you’re keen to stay informed and prepared as these changes roll out, tune into this episode.
