Property Management
The Massachusetts 'right of first refusal' for tenants in a condominium conversion means:
ATenants have the right to purchase the unit at market rate before it is listed
BTenants must be given the opportunity to purchase their unit before it is sold to a third party✓ Correct
CTenants have 30 days to match any offer on the entire building
DTenants can refuse to vacate for up to 2 years
Explanation
Under Massachusetts condominium conversion law (MGL Chapter 527), residential tenants have a right of first refusal to purchase their unit at the same price offered to the public before the unit is sold to another buyer.
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