When a lessee who has applied for his retirement rights or who has been granted a disability pension under the disability and death insurance scheme for the craft trades or the industrial and commercial professions has notified his landlord and the creditors registered on the business of his intention to sell his lease, specifying the nature of the activities he intends to pursue and the proposed price, the lessor has a priority right to buy back the lease within a period of two months on the terms set out in the notification. If the lessor fails to exercise this right, his agreement is deemed to have been obtained if, within the same two-month period, he has not referred the matter to the court.
The nature of the activities whose exercise is envisaged must be compatible with the purpose, character and location of the building.
The provisions of this article are applicable to the sole shareholder of a single-member limited liability company, or to the majority manager for at least two years of a limited liability company, when the latter is the leaseholder.