Hillsborough Florida Waiver of Preferential Right to Purchase is a legal document that grants an individual or entity the option to waive their preferential right to purchase a property located in Hillsborough County, Florida. This waiver allows the property owner to transfer their property to a third party without giving the original tenant or neighboring property owners the opportunity to purchase the property first. This waiver is commonly used in real estate transactions and is often included in lease agreements or property sale contracts. It is designed to streamline the process of property transfers and ensure that property owners have the freedom to sell or transfer their property to any interested party without restrictions. Different types of Hillsborough Florida Waiver of Preferential Right to Purchase include: 1. Residential Property Waiver: This type of waiver is specifically tailored for residential properties, such as single-family homes, townhouses, or condominiums. It enables property owners to sell their residential property freely without any obligations to neighboring tenants or nearby property owners. 2. Commercial Property Waiver: This waiver is applicable to commercial properties, including offices, retail spaces, and industrial buildings. It allows property owners to transfer ownership to potential buyers or lease the property to new tenants without needing the approval or involvement of other parties. 3. Agricultural Property Waiver: This specific waiver is designed for agricultural lands or farms within Hillsborough County. It grants property owners the right to sell or transfer their agricultural property without giving neighboring farmers or agricultural cooperatives the first option to purchase. It is important to note that the Hillsborough Florida Waiver of Preferential Right to Purchase should be drafted in accordance with local laws and regulations. Furthermore, it is advised to consult with a real estate attorney or legal professional to ensure the waiver aligns with the specific requirements and guidelines of Hillsborough County.