Pre-Emption Right
A pre-emption right gives a party the first opportunity to purchase property before the owner can sell to third parties, at matching terms.
| Right Structure | Element |
| First right | Offer before marketing |
| Matching terms | Same price and conditions as third party |
| Time limit | Period to exercise right |
| Notification | Owner must inform right holder |
| Applications | Context |
| Co-ownership | Partner's right to buy other's share |
| Lease | Tenant right to purchase |
| Development | Adjacent owner expansion rights |
| Investment | Shareholder buy-sell provisions |
Related Terms
RERA licensed advisors
Free expert advice
Get property recommendations matched to your goals. No pressure. No commitment.