Contracts
A 'right of first refusal' in a Mississippi commercial lease gives the tenant the right to:
ATerminate the lease at any time without penalty
BMatch any offer to buy or lease additional space before the landlord can accept a third-party offer✓ Correct
CSublease the space without landlord approval
DRenew the lease at the same terms indefinitely
Explanation
A right of first refusal (ROFR) in a commercial lease gives the tenant the right to match any offer the landlord receives to buy the property or lease adjacent space before the landlord can accept that offer from a third party.
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