Glossary · Sell

Right of pre-emption (droit de préemption)

The droit de préemption (right of pre-emption) is the legal right granted to a person or public authority to acquire a property as a priority, ahead of any other buyer, when the owner decides to sell it. In Geneva, this right may be exercised in particular by the State or the communes in certain cases defined by law, especially for buildings subject to specific regulations (notably the LDTR). The seller must inform the holder of the right of pre-emption before concluding the sale with a third party.

Glossary

  • Direct sale via a notary

    A direct sale via a notary is a property transaction concluded between a seller and a buyer without an intermediary, with the notary involved only to authenticate the final deed. This…

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  • Property gains tax

    Property gains tax is a Geneva cantonal tax levied on the capital gain made on the sale of a property, that is, the difference between the sale price and the purchase price (plus…

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