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derecho del tanto y de preferencia

English translation: pre-emptive preferential right

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:derecho del tanto y de preferencia
English translation:pre-emptive preferential right
Entered by: Parrot
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13:58 Aug 1, 2001
Spanish to English translations [PRO]
Bus/Financial
Spanish term or phrase: derecho del tanto y de preferencia
In a lease agreement.

Is this a preferential right to purchase the leased property? Is it the same as the American English "right of first refusal"?
Alan Lambson
Local time: 11:31
pre-emptive preferential right
Explanation:
"Tanteo" refers to the right to refuse the original selling price (pre-emption), and "de preferencia" is preferential, as has been said.
Selected response from:

Parrot
Spain
Local time: 19:31
Grading comment
Gracias a todos por sus comentarios tan útiles. Resulta que en México el concepto legal es el mismo; simplemente lo expresan de una forma ligeramente diferente, como figura en mi consulta.
4 KudoZ points were awarded for this answer

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Summary of answers provided
napre-emption provision
boni
napre-emptive preferential right
Parrot
naderecho de preferencia y tanteoFERNANDO MAURINO


  

Answers


1 hr
derecho de preferencia y tanteo


Explanation:
purchase option
a right granted to certain people by the spanish Civil Code in order to exercise an option to buy a property in lieu of a third party who has offered to buy that property in a determined price.



FERNANDO MAURINO
Spain
Local time: 19:31
Native speaker of: Native in SpanishSpanish
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2 hrs
pre-emptive preferential right


Explanation:
"Tanteo" refers to the right to refuse the original selling price (pre-emption), and "de preferencia" is preferential, as has been said.


    Alcaraz
Parrot
Spain
Local time: 19:31
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 7645
Grading comment
Gracias a todos por sus comentarios tan útiles. Resulta que en México el concepto legal es el mismo; simplemente lo expresan de una forma ligeramente diferente, como figura en mi consulta.
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1 day 18 hrs
pre-emption provision


Explanation:
Pre-emptive preferential right is OK as well.
You are right about the meaning, though the most common name for this right (at least in Spain) is "derecho de tanteo y retracto", you can find out exactly what it is here:

:)


    Reference: http://www.webjuridico.net/ar/ar0022.htm
boni
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