District Commissioners: Purchase of residential buildings in Grindavík
What is a pre-lease right?
A pre-lease right means that you have priority in renting the premises if the company chooses to rent it out.
The real estate company will then offer you to use the right and rent the premises at the rental price and with the rental terms specified in the offer. You must respond to an offer within 15 days.
If an offer is refused or ignored, the company is allowed to rent the premises to another party.
Even if you choose not to use the right when first offered, you can use it if the premises are rented out later in the validity period.
When the property is sold, the pre-lease right is cancelled.
More information on priority rights.
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