I am renting a property on which I have a pre-emptive right and I would like to know how I can exercise that clause after finding out that my landlord wants to sell the property.
Because I liked the premises so much, I added a clause in the initial agreement whereby I am entitled to purchase the property if the landlord decides to sell during the currency of the lease.
Apparently, a third-party purchaser has already been identified and negotiations on the purchase price are either underway or have already been finalised.
I am concerned that the landlord may not honour my purchase right as only now has he advised me of the proposed sale.
The continued use of the rented premises is not my concern, but rather the fact that the landlord appears to be ignoring my right to purchase.
Pre-emptive Right Owner
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