Contracts
In Louisiana, a 'right of first refusal' in a commercial lease gives the tenant the right to:
ARefuse any new co-tenants in the building
BMatch any offer to purchase the leased property before the landlord may sell it to a third party✓ Correct
CPrevent the landlord from increasing rent
DTerminate the lease at any time without penalty
Explanation
A tenant's right of first refusal in a commercial lease allows the tenant to purchase the property at the same price and terms as any bona fide third-party offer the landlord receives. The landlord must give the tenant notice and the opportunity to match before selling to the third party.
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