Property Ownership
A NH property owner grants a 'right of first refusal' to a neighbor. This gives the neighbor:
AThe right to purchase the property at any time
BThe right to match any bona fide offer the owner receives before the owner can sell to a third party✓ Correct
COwnership rights equal to the property owner
DThe right to occupy the property for free
Explanation
A right of first refusal gives the holder the right to match any bona fide third-party offer before the owner can sell to someone else. If the holder declines to match the offer, the owner can sell to the third party. It does not guarantee a sale and is not an option to purchase.
Related New Hampshire Property Ownership Questions
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