To exercise a pre-emption right, the interested co-owner must notify the seller of their intention through a notary public within thirty days of being notified of a third-party offer. Once this intention is declared, the purchasing co-owner must fin…
To exercise a pre-emption right, the interested co-owner must notify the seller of their intention through a notary public within thirty days of being notified of a third-party offer. Once this intention is declared, the purchasing co-owner must finalize the sale procedures with the DLD within ten (10) working days of the notice period's expiry. If the seller concludes the deal with a third party on more favorable terms than those offered to the co-owner, the co-owner can file for compensation at the RDSC.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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