kadosmerc

For Tan Tan Men, Ukkokei is still the best for me

Sir, let's say, my parents decided to sell the condominium unit that they rent out for investment. Is it under the law that they should first ask the tenant renting the place if they would be interested in buying the property or not before selling it to others? If so, should it be done in writing? Thanks in advance.

Unless there is a right of first refusal in your contract of lease, the current tenant does not have the preferential right to purchase the leased property.

Notwithstanding the foregoing, you may try to offer the property first to the current tenant as they would most likely be interested in the property.

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