Regulations of the Land Registration Article 97

Pursuant to Paragraphs 3 and 5, Article 8-5 of the Enforcement Act of the Part of Rights in Rem of the Civil Code, Paragraph 4, Article 34-1 of the Land Act, Subparagraphs 2 and 3, Article 5 of the Farm Land Readjustment Act, or Article 32 of the Cultural Heritage Preservation Act, the first refusal right holder that has waived the first refusal right shall provide an affidavit from the seller or provide a statement on the corresponding column on the registration application form to confirm the waiver of the first refusal right and the acceptance of legal responsibility for any untrue statement when applying for the registration of transfer of the right of land.Pursuant to Articles 426-2 and 919 of the Civil Code, Articles 104 and 107 of the Land Act, Article 15 of the 37.5% Arable Rent Reduction Act, or Subparagraph 1, Article 5 of the Farm Land Readjustment Act, in the case that the first refusal right holder waives, or is deemed as having waived the first refusal right, the applicant shall provide a proof that the first refusal right holder has waived the first refusal right, or a proof that the first refusal right holder makes no use of the first refusal right within the time limit after the notice of sale has been delivered, and the seller shall accept legal responsibilities for any untrue statement.Prior to the completion of any registration mentioned hereto above, if the first refusal right holder raises an objection in writing and is able to prove the holder’s willingness to exercise the first refusal right by matching the same terms and conditions or to prove that the seller is engaging in a sale without observing the terms and conditions as stated in the notice or public announcement, then the registration agency shall reject the application of registration abovementioned.