Property Management
Colorado's 'Commercial Tenant's Right of First Refusal' in some commercial leases gives the tenant:
AA. The right to refuse to pay rent
BB. The contractual right to match any purchase offer on the leased property before the landlord accepts it from a third party✓ Correct
CC. The right to extend their lease for any additional term they choose
DD. The right to sublet without the landlord's consent
Explanation
A right of first refusal (ROFR) in a commercial lease gives the tenant the opportunity to purchase the building they lease by matching any bona fide third-party offer. When the landlord receives an offer to sell the property, the ROFR holder (tenant) has a specified period to match those terms.
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