The Collin Texas Waiver of Preferential Right to Purchase is a legal document that allows a property owner in Collin County, Texas, to waive their right to purchase a property before it is offered to other interested buyers. This waiver is commonly used in real estate transactions when the property owner prefers not to exercise their right of first refusal and allow the property to be sold to a third party. The waiver of preferential right to purchase is designed to streamline the process of selling a property by eliminating the need for the property owner to make a decision within a specific timeframe. By signing this waiver, the property owner acknowledges that they are relinquishing their right to purchase the property under the same terms and conditions as the offer received from a third party. There are no specific types of Collin Texas Waiver of Preferential Right to Purchase, as the purpose and language of the waiver remains consistent across different transactions. However, it is important for property owners to carefully review and understand the terms of the waiver before signing, as it may have implications on their future interests in the property. Keywords: Collin Texas, waiver, preferential right to purchase, property owner, Collin County, real estate transactions, right of first refusal, streamline, selling a property, decision, timeframe, terms and conditions.
Collin Texas Waiver of Preferential Right to Purchase
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Except pursuant to instruments duly recorded in the Official Records, Seller has not granted any options or rights of first refusal or rights of first offer to third parties to purchase or otherwise acquire an interest in the Property that will survive the Close of Escrow.
Preferential right to acquire property in certain cases.? (1) Where, afterproperty or business, the other heirs shall have a preferential right to acquire the interest proposed to be transferred.
A holder of a preferential right has, according to the provisions of this Code or other laws, a right as to the property of his debtor to receive therefrom performance of an obligation due to him in preference to other creditors. Section 252. The provisions of Section 244 apply correspondingly to preferential rights.
By preference is also meant the right which a creditor has acquired over others to be paid first out of the assets of his debtor, as, when a creditor has obtained a judgment against his debtor which binds the latter's land, he has a preference.
1. n. Oil and Gas Business The right that nonselling participating parties have in a lease, well or unit to proportionately acquire the interest that a participating party proposes to sell to a third party.
Preferential Purchase Rights means rights of any Person (other than rights of condemnation, eminent domain, or other similar rights of any Person) to purchase or acquire any interest in any of the Purchased Assets, including rights that are conditional upon a sale of any Purchased Assets or any other event or condition
