Contracts
In New Mexico, a 'right of first refusal' in a lease gives the tenant the right to:
ARefuse any rent increase
BMatch any bona fide offer the landlord receives before the property is sold to a third party✓ Correct
CPurchase the property at any time at market value
DExtend the lease without the landlord's consent
Explanation
A right of first refusal (ROFR) gives the holder the right to match any legitimate third-party offer before the owner can accept it. Unlike an option, it is triggered only when the owner decides to sell.
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