This is a form addressing Preferential Right to Purchase Interest Assigned. In the event assignee receives a bona fide offer from a third party to purchase all or a part of the interest assigned to assignee in this assignment, and assignee desires to accept the offer,assignee shall notify assignor in writing of the existence of the third party offer.
Harris Texas Preferential Right to Purchase Interest Assigned, also known as the Harris County Preferential Right to Purchase Interest Assigned, is a legal provision that grants a specific group or individual the first opportunity to purchase a particular property or asset before it is made available to others. This preferential right is often assigned to parties such as local government entities, non-profit organizations, or individuals with a vested interest in the community. In Harris County, Texas, this right is designed to promote responsible urban development, community welfare, and affordable housing initiatives. By giving priority to certain entities or individuals, the county aims to ensure that the properties are sold to parties who can contribute to the well-being and growth of the community. The Harris Texas Preferential Right to Purchase Interest Assigned can include various types based on the specific circumstances and objectives of the county. Some common types include: 1. Municipal Preferential Right: This grants local government entities the first opportunity to purchase properties within designated areas. It allows the municipality to control the development and use of land in alignment with their long-term goals and plans. 2. Non-Profit Preferential Right: Non-profit organizations in Harris County may be assigned a preferential right to purchase certain properties. This type aims to support community-driven initiatives, including the development of affordable housing, community centers, or other projects that benefit the public. 3. Affordable Housing Preferential Right: In order to address the issue of affordable housing, Harris County may assign a preferential right to organizations or individuals involved in affordable housing initiatives. This type prioritizes the development and acquisition of properties for the purpose of creating housing opportunities for low-income individuals and families. 4. Environmental Protection Preferential Right: Harris County may assign a preferential right to purchase interest in properties with ecological or environmental significance. This helps preserve sensitive lands, wildlife habitats, and natural resources by giving priority to entities dedicated to environmental conservation and protection. Overall, the Harris Texas Preferential Right to Purchase Interest Assigned is a mechanism that ensures certain groups or individuals have the opportunity to acquire properties before they are made available to the public. It serves as a means to steer development in line with community goals, enhance affordable housing options, protect the environment, and foster the overall well-being of Harris County, Texas.Harris Texas Preferential Right to Purchase Interest Assigned, also known as the Harris County Preferential Right to Purchase Interest Assigned, is a legal provision that grants a specific group or individual the first opportunity to purchase a particular property or asset before it is made available to others. This preferential right is often assigned to parties such as local government entities, non-profit organizations, or individuals with a vested interest in the community. In Harris County, Texas, this right is designed to promote responsible urban development, community welfare, and affordable housing initiatives. By giving priority to certain entities or individuals, the county aims to ensure that the properties are sold to parties who can contribute to the well-being and growth of the community. The Harris Texas Preferential Right to Purchase Interest Assigned can include various types based on the specific circumstances and objectives of the county. Some common types include: 1. Municipal Preferential Right: This grants local government entities the first opportunity to purchase properties within designated areas. It allows the municipality to control the development and use of land in alignment with their long-term goals and plans. 2. Non-Profit Preferential Right: Non-profit organizations in Harris County may be assigned a preferential right to purchase certain properties. This type aims to support community-driven initiatives, including the development of affordable housing, community centers, or other projects that benefit the public. 3. Affordable Housing Preferential Right: In order to address the issue of affordable housing, Harris County may assign a preferential right to organizations or individuals involved in affordable housing initiatives. This type prioritizes the development and acquisition of properties for the purpose of creating housing opportunities for low-income individuals and families. 4. Environmental Protection Preferential Right: Harris County may assign a preferential right to purchase interest in properties with ecological or environmental significance. This helps preserve sensitive lands, wildlife habitats, and natural resources by giving priority to entities dedicated to environmental conservation and protection. Overall, the Harris Texas Preferential Right to Purchase Interest Assigned is a mechanism that ensures certain groups or individuals have the opportunity to acquire properties before they are made available to the public. It serves as a means to steer development in line with community goals, enhance affordable housing options, protect the environment, and foster the overall well-being of Harris County, Texas.
