Contracts
In Alaska, a 'right of first refusal' in a lease gives the tenant the right to:
ARenew the lease automatically at the end of the term
BPurchase or lease the property on the same terms as a third-party offer before the landlord accepts that offer✓ Correct
CRefuse to pay rent if conditions are not met
DTransfer their lease to a subtenant without landlord approval
Explanation
A right of first refusal in a lease entitles the tenant to purchase or lease the property by matching any third-party offer the landlord accepts. Unlike a pure option, the right can only be exercised in response to a genuine outside offer — the landlord must receive a bona fide offer before the right is triggered.
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