Exam term
Right of first refusal
A right to buy on matching terms if the owner decides to sell. Unlike a purchase option, it gives no power to initiate a purchase.
Lessons that use this term
- Options, lease-options, and rights of first refusal California
- Buyer-broker agreements and option contracts Florida
- The sales contract, binders, purchase offers, installment contracts, and options New York
- Condominium certificates of occupancy, title, closing costs, and buyer qualification New York
- Option contracts and installment sales contracts Texas