Unlimited right of first refusal
A person granted an unlimited right of first refusal may purchase a property ahead of any third party in the case of a sale at the same price as that third party.
What is the unlimited right of first refusal?
A person granted an unlimited right of first refusal may purchase a property ahead of any third party in the case of a sale at the same price as that third party.
The unlimited right of first refusal is valid once recorded in writing. Notarisation is not required but it needs to be written in the land register.
However, it has no value in the event of a judicial sale or if the property changes owner without a sale (e.g. gift, inheritance).
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Kevin Golub
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