Property Ownership
In Colorado, a 'right to purchase' recorded in the public record against a property gives a specified party the:
AOwnership of the property until they exercise the right
BRight to purchase the property at a predetermined price or terms within a specified period✓ Correct
CRight to purchase adjacent properties
DRight to block any other sale of the property
Explanation
A right to purchase (option) recorded in the public record gives the holder the right (but not the obligation) to purchase the property at specified terms within a specified period. Recording provides constructive notice to potential buyers of this encumbrance.
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