Can lessee get right to purchase building at time of sale? | ScriptaLegal
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Frequently asked questions > Commercial lease > The rights and obligations of each > At the time of sale of the building, can the lessee obtain a preferential right to purchase?

At the time of sale of the building, can the lessee obtain a preferential right to purchase?

Often, when a lessee occupies the major portion of a building, the lessor grants him a preferential right to purchase at the time of sale of the building. This preferential right is usually granted for the same price and on the same terms and conditions which could be offered in good faith by a third party.

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