Many wholly residential and mixed-use buildings are subject to residential tenants’ rights of first refusal under the Landlord and Tenant Act 1987 (as amended) and, as a result, are more difficult to buy, sell, lease or mortgage. The landlord commits a criminal offence if it makes a relevant disposal without complying with the legislation, and the purchaser/tenant can lose their purchase/lease to the tenants if the legislation is not complied with.
This is a tricky and much misunderstood area of property law that can have catastrophic consequences for your clients. Peta Dollar, co-author of two books on the subject and acknowledged expert in this area, will take attendees through the basic requirements of the legislation and then look in detail at the more complex areas, including:
When does the 1987 Act apply?
What must be done if the 1987 Act applies?
How can the purchaser/tenant be protected?
How to avoid needing to comply with the 1987 Act
Tricky areas, including:
‘Building’ in the context of bare land, housing estates, terraces and rooftop developments
‘Flat’ and its relevance to the legislation
Granting leases of commercial premises in buildings subject to the legislation