Tenants in China have a right of first refusal if their landlords sell – creating risk and uncertainty for potential buyers. Jeff Wenhai Cai explains how to navigate the Chinese property minefield
Mainland Chinese law confers a right of first refusal (ROFR) on tenants, whereupon a landlord who wants to sell a rental property, and who has reached agreement with a potential buyer on the sale terms, must first offer the property to the tenant on those terms. But all is not as simple as it first sounds.
