Property Ownership
A NH property owner's deed mentions a 'right of first refusal.' This means:
AThe owner may refuse any offer without explanation
BA named party has the right to match any offer the owner receives before the owner can sell to a third party✓ Correct
CThe state has the right to purchase the property before anyone else
DThe property cannot be sold without court approval
Explanation
A right of first refusal gives a named party the opportunity to purchase the property on the same terms as any third-party offer, before the owner can accept the outside offer. It is a contractual right, not a lien.
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