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What is Right of Refusal?

A lease or contract might include "right of first refusal" to note that an individual has the right to put an offer on a property before it is listed on the market by a seller.


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Kiter Peter
Kiter Peter
Apr 26, 2023

The phrase "right of first refusal" may be used in a lease or contract to indicate that a party has the option to make an offer on a property before the seller lists it for sale.

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