LegalAlso: Right of first refusal, Pre-emption right

Tanteo y retracto

A pre-emption right allowing a third party, a tenant or a public body, to buy in priority.

The rights of tanteo and retracto are pre-emption rights: tanteo allows a property to be acquired in priority on the terms offered, retracto allows a party to step into the buyer's place after the sale if that right was not respected.

They may benefit a sitting tenant or a public body, particularly in certain regulated areas.

For the seller

If your property is rented out or located in an area subject to pre-emption, you may have to notify the sale to the beneficiary before selling to another buyer.