Common use of Transference Clause in Contracts

Transference. If lessor would like to transfer the leasing units to the third party during the leasing period, lessor should inform lessee in written form 30 days in advance. Lessee has the preemptive right to buy the leasing units upon same conditions. Lessor should guarantee the ordinary usage of the leasing units when there is transference of the ownership of the leasing units or disputes involving third party over the rights on the leasing units during tenancy period.