Property Ownership
What is a right of first refusal in Nevada real estate?
AA zoning rule preventing new construction near existing homes
BA contractual right giving a party the opportunity to purchase a property before the owner accepts another offer✓ Correct
CA government's right to buy private property before a developer
DA lender's right to require the borrower to use their title company
Explanation
A right of first refusal gives the holder the option to match any offer received by the seller before the seller can accept a third-party offer. It is common in leases (tenant's right to buy), business partnerships, and HOA governing documents.
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