Management Company [Freehold Owner] in liquidation

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    Management Company [Freehold Owner] in liquidation

    Does the liquidator of a management company that owns the frehold interest of a property divided into long leasehold flats have a legally enforceable obligation to sell the freehold, at it's fair market value, to the existing long leaseholders or the majority of them, or to another management company they may set up before trying to sell the freehold to any other interested party?

    What is the legal position if another interested party offers more than the existing leaseholders and more than the fair market value to the liquidator?

    #2
    When you say liguidator who is appointed? The transfer or vesting to a trustee or liquidator is not, but subsequent disposal, if it is a relevant disposal, will invoke your right of first refusal. The offer price is the maximum to be paid, even if you dont proceed it cannot be sold to anyone else for "any more" for a period of 12 months.
    Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.

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