Right of First Refusal (Vorkaufsrecht)
Right of first refusal (Vorkaufsrecht) in German real estate: who holds it, when does it apply, and what deadlines apply for tenants and municipalities?
Legal
§ 577 BGB (Mieter), §§ 24 ff. BauGB (Gemeinde)
Also known as: pre-emptive right, preemption right, first right of purchase
The tenant's right of first refusal (Mietervorkaufsrecht) under German law applies when a rental apartment is converted into a condominium. The municipal right of first refusal can be exercised in designated areas to promote urban development goals or the common good.