Narrated Jabir bin `Abdullah: The Prophet established the right of Shu'fa (i.e. Preemption) in joint properties; but when the land is divided and the ways are demarcated, then there is no pre-emption.
Hadith ReferenceSahih Bukhari / The Book of Partnership / Hadith: 2495
Hadith Gradingمحدثین:أحاديث صحيح البخاريّ كلّها صحيحة