Civil Transactions Law

1. If a buyer makes at his own expense any addition to a real property upon which a right of first refusal is established for another person, or if he makes structures or plants thereon before he or the seller are notified by the holder of the right of his desire to exercise said right, the holder shall, if he chooses to exercise his right, pay, at the buyer’s discretion, the expenses incurred by the buyer or pay an amount equal to the amount of appreciation to the real property due to the additions, structures, or plants. 2. If the additions, structures, or plants are made after the notification, the holder of the right of first refusal may, if he wishes to exercise his right, demand removal thereof at the buyer’s expense with compensation, if applicable, or he may retain the structures or plants, provided that he pays the expenses incurred by the buyer or pays an amount equal to the amount of appreciation to the real property due to the additions, structures, or plants. 3. If the real property upon which a right of first refusal is established depreciates due to acts not committed by the buyer, or due to acts committed by him prior to the notification, the holder of the right may take the property Civil Transactions Law at its full price or leave it, provided that the value of depreciation attributable to the buyer’s acts after notification is deducted from the total value of the property.