Tenant Rights

what is a right of first refusal

What Is a Right of First Refusal – Real Estate Rights

In real estate, certain agreements give specific parties priority when opportunities arise. A contractual clause known as ROFR ensures an individual or entity receives exclusive access to match or decline a deal before others can bid. This mechanism balances fairness and control, often appearing in leases, partnerships, or property sales. For example, tenants or existing stakeholders might leverage this...

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