§ 199

The obligation to offer is fulfilled when the owner presents an offer to all tenants of residential apartments, stating that a cooperative housing association formed by the residents can acquire the property for the same purchase price, cash payment, and other terms that the owner can achieve by selling to another party. The terms must be such that they can be met by a cooperative housing association. The acceptance period must be at least 10 weeks, excluding the month of July when calculating the period.

Stk. 2.In the event of an intended sale, the offer must be accompanied by documentation that the owner can achieve the offered terms through the sale. In the case of an intended transfer by gift, merger, demerger, or exchange, or in the event of an intended inheritance allocation, an assessment and valuation must be conducted to determine whether the purchase price and other offered terms correspond to the property's market value as a rental property, following the rules in § 343 of the Administration of Justice Act.

Stk. 3.In the transfer of shares and interests, where the obligation to offer under § 198, stk. 1, 2nd sentence, applies, an assessment and valuation must also be conducted, cf. stk. 2. However, this does not apply to the transfer of shares and interests in companies that do not own any assets other than the property subject to the offer obligation.

Stk. 4.At the latest, simultaneously with the offer, the owner must provide usual information about the property, including the property's operating expenses, rental conditions, and balances on the various accounts that the owner must maintain under this law. The acceptance period mentioned in stk. 1 runs from the time the tenants receive the information. The information mentioned in the 1st sentence can be provided digitally, including by making the information available on a digital platform, when the landlord has notified the tenant thereof.

Stk. 5.The owner can reject the cooperative housing association's acceptance if the association does not, upon request, document that it can pay the required cash payment.

Stk. 6.If the owner's offer is not accepted, the property can be transferred to others by sale on the offered terms or by gift, exchange, or inheritance allocation, provided the deed is submitted for registration no later than 1 year after the offer to the tenants.