The exercise of preemptive right must meet the necessary conditions for advocating purchase under the same conditions and prices. If the owner or lessee of * * * does not ask for the purchase, or asks for the purchase at more favorable prices and conditions, it does not meet the conditions for exercising the preemptive right.
Legal basis: Civil Code of People's Republic of China (PRC).
Article 726 Where the lessor sells the leased house, it shall notify the lessee within a reasonable period before the sale, and the lessee shall have the preemptive right under the same conditions; Except that the house is preempted by the owner or the lessor sells the house to a close relative.
After the lessor performs the notification obligation, if the lessee fails to explicitly express the purchase within fifteen days, it shall be deemed that the lessee has waived the preemptive right.
Article 727 Where the lessor entrusts the auctioneer to auction the leased house, it shall notify the lessee five days before the auction. If the lessee fails to participate in the auction, it shall be deemed as giving up the preemptive right.