Property Ownership
A Connecticut property has a 'right of first refusal' in favor of an adjacent landowner. This means:
AThe adjacent owner must approve any sale
BThe adjacent owner has the right to match any bona fide offer to purchase before the seller can sell to another party✓ Correct
CThe adjacent owner is given 30 days to make the first offer
DThe seller cannot sell without the adjacent owner's consent
Explanation
A right of first refusal gives the holder the right to purchase the property on the same terms as a bona fide third-party offer before the seller can accept that offer from another buyer.
Related Connecticut Property Ownership Questions
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