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I think with a formal rights system, rather than a landlord's favour, you'd probably dissuade people from purchasing a place with sitting tenants, so there's potential that it would reduce the price the landlord would be able to achieve.
I don't know enough about housing co-ops to know if they're feasible on individual flats
I can't see why not, it's not like landlords do much anyway, it would just be managed at cost in the interests of the tenants instead
Any landlord who doesn't offer their tennant first refusal is making a bad move. As long as they get the market value and presumably don't have to involve an estate agent all would be good. I don't know enough about housing co-ops to know if they're feasible on individual flats rather than blocks