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What is the Right of pre-emption for immovable property?

What is right of pre-emption for immovable property? Is the law really exist?


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Team Legistify

There is no preemption right now with the coparcenors or co-sharers rather it now vests only in the tenant. Tenant cultivating the immovable property means agricultural land has only got this preferential right. Seller first can offer such tenant to sale and on his failure to purchase, such owner should get his signature on some paper mentioning clearly therein that the tenant has duly been offered to purchase the land but he is unable to purchase. There is no other requirement and no any loss is going to occur in such case otherwise such tenant can file a petition for preemption and can get the registered sale-deed set aside.

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