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Alienation and Pre-emption rights in the lease???
“Sell or sublet the property, in accordance with the terms outlined in the lease. (Alienation)
Agree to sell your property to another individual or company, without first offering the landlord or freeholder the chance to purchase your leasehold property. (Right of Pre-emption)”
Are these standard terms under a lease? I cannot understand why I would need to offer the freeholders the right to buy the property? Is this an acceptable risk to take since I will also have a share of freehold?
Thank you for any insights!
Comments
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Unusual, though it would help if you quoted the clause(s) in full +confirm it is the lease itself.
"in accordance with the terms outlined in the lease." suggests this is not the lease.0 -
Is it actually the Lease you're quoting from? Those look like snippets from something else. Definitions of typical lease terms or a report of some sort.JK4158 said:“Sell or sublet the property, in accordance with the terms outlined in the lease. (Alienation)
Agree to sell your property to another individual or company, without first offering the landlord or freeholder the chance to purchase your leasehold property. (Right of Pre-emption)”
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