Contracts
A 'right of first offer' (ROFO) in Connecticut real estate gives the holder the right to:
AMatch any bona fide third-party offer
BMake the first offer on a property before it is marketed to others✓ Correct
CReject any offer on their neighbor's property
DGet first access to any new listings in their neighborhood
Explanation
A right of first offer (ROFO) requires the property owner to give the ROFO holder the opportunity to make the first offer before marketing the property to others. It differs from a right of first refusal (ROFR), which requires matching an existing offer.
Related Connecticut Contracts Questions
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