How does first right of purchase work?

Questioner

I am currently living in a rental home. I have the first right to purchase this (market conform price by means of valuation). May the landlord, in case of sale, offer this home to a third party, in order to get the highest possible price, after which I would be allowed to buy it for that price?

Lawyer

It is important how exactly such an option is worded in the contract. The first right to purchase means that if the owner decides to sell the house, it must first be offered to you. If you cannot reach an agreement, the owner may also sell the house to someone else. There must therefore be an offer and possible negotiation to/with you. This does not mean that any interest in your house from others cannot play a role in the negotiation. What is good to know is that buying does not break a lease. Suppose you do not buy the house and the owner looks for another buyer while you are still renting, then that other person is obliged to take over your lease. That is not interesting for many parties (who are not buyers). Please feel free to contact me if you have any questions or require legal assistance.