Notice By Vendor To A Pre Emptor 1399 Legal Draft Template
| Category | Notices |
| Format | Rich Text |
| File name | Notice by Vendor to a Pre-emptor-1399.rtf |
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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
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Notice by Vendor to a Pre-emptor
ToAB Date……
Re: Premises………
Please note that I intend to sell my one-third share in the property described in the Schedule hereto to CD of etc. for the price of Rs….. As you have a prior right to purchase the same under Act……of……or by virtue of the provisions of the Deed of Partition (or Agreement or Lease dated…..made between you and me) or under the prevailing customs in the locality, you are requested to signify your acceptance thereof at the aforesaid price within……..days. In case I do not hear from you about your acceptance of the offer within the time aforesaid I shall complete the sale with the said CD without reference to or regard for such right which shall be deemed as extinguished for ever.
Schedule of the Property
Yours faithfullyAnother Form
Notice is hereby given pursuant to clause…….of the deed of partition dated……..executed between you and others of the one part and the undersigned of the other part, whereby each allottee covenanted not to sell his divided share to any outsider without first offering the same to the others. The undersigned is desirous of selling his share in the above property for which he has already received an offer for Rs…….
Please take notice that pursuant to the said pre-emption clause you are given the first choice to complete the sale of the said share of the said property at the aforesaid price within a fortnight of the receipt of this. On your failure to do so within the aforesaid period the undersigned shall close the sale with the party offering the said price of Rs…….. Dated the……day of 2005.
Yours faithfully CD