Common use of Change of Lessor Clause in Contracts

Change of Lessor. 5.1 In the event that the Lessor transfers the ownership of its rental premises to the third parties, this annex shall remain valid for the new owner of the premises. 5.2 The Lessor shall inform the Lessee three months prior to the transfer of the ownership of the leased premises. Under the same terms the Lessee has the right of preemption to the Premises.

Change of Lessor. 5.1 In the event that the Lessor transfers the ownership of its rental premises to the third parties, this annex Annex shall remain valid for the new owner of the premises. 5.2 The Lessor shall inform the Lessee three months prior to the transfer sale of the ownership of the leased premises. Under the same terms the Lessee has the right of preemption to the Premises.