What does the preemptive right mean?

Pre-emptive right means that under certain conditions, some specific people enjoy the pre-emptive right, that is, in the initial trading scheme, if the property or assets are ready to be sold, the person who is granted the pre-emptive right has the right to buy the property or assets on the same terms.

The preemptive right refers to the right that a specific person has under certain conditions, which is usually also called the pre-purchase right. This right is usually granted to certain specific people, such as owners, partners and shareholders of houses or land. If the property or asset is ready for sale, the person who is granted the preemptive right has the right to buy the property or asset on the same terms. Legally, it is very common to write the preemptive right into the real estate sales contract. Doing so can protect the interests of some people, such as the owner of the property and neighbors. When the property owner intends to sell, the person who is granted the preemptive right usually needs to decide whether to exercise his preemptive right within the specified time. If they choose to exercise this right, then they need to reach a deal with the property owner at the initially determined price and conditions. In some cases, the preemptive right may also be a preferential policy given by the government. For example, the government can encourage landowners to sell land to local residents, which can promote local economic development and community building while protecting the interests of local residents.

What's the difference between preemptive right and preemptive right? The preemptive right means that when a property or asset is ready for sale, a specific person is given the right to buy the property under the same conditions. The preemptive right means that when the real estate or assets are ready for sale, the designated person has the preemptive right, not necessarily under the same conditions. The preemptive right is usually used in combination with other terms or conditions, which may include certain discounts, preferential treatment or other special conditions.

The preemptive right is the right that some people enjoy under certain conditions, which can protect their interests. This right is usually written into real estate sales contracts to protect the rights and interests of owners and neighbors. In some cases, the government may also grant the preemptive right as a preferential policy. It should be noted that the preemptive right is different from the preemptive right. The former only protects the right of the designated person to purchase property under the same conditions, while the latter may contain other special conditions.

Legal basis:

Article 728 of the Civil Code of People's Republic of China (PRC) If the lessor fails to notify the lessee or there are other circumstances that prevent the lessee from exercising the preemptive right, the lessee may request the lessor to bear the liability for compensation. But it does not affect the validity of the house sales contract concluded between the lessor and the third party.