Right to First Refusal
Where a landlord is proposing to sell his interest in a building containing flats in relation to which the RFR exists, he must, by law, first offer it to the tenants before offering it on the open market.
Below are some useful articles on the right to first refusal...
Articles in this category
Buildings, Landlords and Qualifying Tenants
For the RFR to exist, the building, the landlord and the tenants have to meet certain requirements.
The Right of First Refusal (RFR) is provided by Part 1 of the Landlord and Tenant Act 1987 (the 1987 Act) as amended by the Housing Act 1996.
The landlord fails to give Notice of First Refusal
In cases where the landlord fails to comply with the statutory requirements in relation to the RFR he becomes liable to criminal prosecution and, on conviction, to a level 5 fine on the standard scale (up to £5,000).