While Article (14) establishes a pre-emption right for co-owners to purchase a departing owner's share, Article (15) provides specific exemptions. This right is not established if the share is sold to ascendants, descendants, or a spouse. The exempt…
While Article (14) establishes a pre-emption right for co-owners to purchase a departing owner's share, Article (15) provides specific exemptions. This right is not established if the share is sold to ascendants, descendants, or a spouse. The exemption also covers relatives up to the fourth degree and in-laws up to the second degree. This allows for the transfer of property within families without triggering the complex notification and purchase procedures required for third-party sales.
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