What is The Right of First Refusal

Long leaseholders have for the right of first refusal of their freehold, with some exemptions. The freeholder must offer the freehold to the leaseholders before selling the freehold to a third party to avoid committing a criminal offence.

It applies to the disposal of any property containing 2 or more flats held by qualifying tenants, as long as more than 50% of the flats in the property are held by qualifying tenants.