The sale or transfer by the landlord of his interest in the property is called a disposal. The majority of disposals will trigger the RFR, but some are exempt e.g.:
- grant of a single tenancy of a flat.
- disposal to an associated company: this is where the interest is transferred as an asset to another company, which has been associated with the parent company for at least two years.
- disposals arising from collective enfranchisement under Leasehold Reform, Housing and Urban Development Act 1993.
- a sale by two or more persons of the same family to a different combination of the same family (or a transfer by family members to fewer of their number).
- sales to the Crown or to Government departments.
- transfer of an estate or interest held on trust for any person where the disposal is made in connection with the appointment of a new trustee or in connection with the discharge of any trustee.
The Right of First Refusal can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area.
More information you might find useful:
Still not found the answer?
Contact LEASE to have your enquiry dealt with by one of our experienced advisers