Contracts
In Massachusetts, a 'right of first refusal' in a condominium purchase agreement means:
AThe condominium association has the right to buy the unit before any outside buyer✓ Correct
BThe seller must first offer the property back to the original builder
CThe buyer must offer the property to their lender before reselling
DThe condo board must approve all prospective buyers
Explanation
A right of first refusal gives the condominium association (or designated party) the right to purchase a unit at the same price and terms offered by any outside buyer before the seller can complete the sale to that buyer. This is common in Massachusetts condominium documents under Chapter 183A.
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