Things to Know in the Right of Preemption Case
The right of pre-emption is frequently encountered in share deeds, i.e. in shared ownership. In case a shareholder sells his/her share in the immovable property to a third party in whole or in part, the other shareholders may exercise the right of pre-emption. The right of pre-emption cannot be used in forced auction sales. The waiver of the right of pre-emption must be made officially and annotated in the land registry. The waiver of the right of pre-emption in a particular sale must be in writing [...]





