What is the right of purchase?

Legislation

The right of purchase gives a person the right to acquire a property for a defined period. It must be authenticated before a notary and cannot exceed 10 years to be valid.

 

In which cases is the right of purchase used?

 

The right of purchase is used in particular during a forward sale. Indeed, as soon as the two parties have agreed on the sale date, they can register the right of purchase in the land register. This guarantees the buyer that the current owner will not sell the property to another person in the meantime or make any changes to the parcel.

By Charline Demange, July 21, 2022

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