Civil Code · English · 2015
Article 1265
Right of Pre-Emption
(1)
Where the party who granted a right of pre-emption intends to sell the property, he shall inform the beneficiary of this right of this intention and of all charges existing on such property.
#(2)
A right of pre-emption shall be exercised within two months from the beneficiary having been informed of the owner’s intention to sell.
#(3)
The parties may by agreement extend this period to one year. Where a period exceeding one year has been agreed, it shall be reduced to one year.
#(4)
The beneficiary shall lose his right where he fails to exercise it within the aforementioned period. The owner may thereupon alienate the property. He may also retain the ownership thereof.
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