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  3. Pre-emption

Pre-emption

noun

The right to buy property before others are given the chance to buy.

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For example

They had a right of pre-emption should the land ever be offered for sale.

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For Housing and Property law
ID and money home-buying checks - why they are needed
Repairs and poor living conditions - England
Evictions - England
Buying and selling: Finding a legal adviser

Other useful terms:

Property

The name for anything which can be owned.

Compulsory purchase

Taking land and giving compensation for it. When land is needed for a project, such as a road, local authorities and other public bodies can take the land off the landowner. Compensation has to be paid to the landowner.

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