Contracts
An Arizona lease with a 'right of first refusal' to purchase means the tenant:
AMust purchase the property if it is offered for sale
BHas the right to match any purchase offer before the landlord can accept it from a third party✓ Correct
CHas an option to purchase at any time at the current market value
DMust be given 30 days notice before the property is listed
Explanation
A right of first refusal gives the tenant the right to match any bona fide third-party purchase offer before the landlord can accept it, but the tenant is not obligated to purchase unless they choose to exercise the right.
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