etuajooikeuden

Etuajooikeuden is a Finnish legal term that translates to "preemptive right" or "right of first refusal." It refers to a legal entitlement that gives a specific party the priority to purchase a property or asset under the same terms and conditions as those offered by a third-party buyer. This right is typically established through a contract or a legal provision.

The purpose of etuajooikeuden is to protect certain interests, such as those of a tenant, a co-owner, or a neighboring landowner, by preventing them from being unexpectedly displaced or having an undesirable party acquire an asset they have a vested interest in. For example, a tenant might have a preemptive right to buy the property they are renting if the owner decides to sell it. This means the owner must first offer the property to the tenant on the same terms as they would to any other potential buyer.

If the owner receives a bona fide offer from a third party, they are obligated to inform the holder of the preemptive right. The holder then has a specified period to decide whether to exercise their right and purchase the property on those terms. If they choose not to exercise the right, or if the specified period expires without them doing so, the owner is free to sell to the third party. The terms and conditions of the preemptive right, including the notification process and the time frame for decision-making, are usually detailed in the agreement that creates the right.