Property Management
A NC commercial tenant with a 'right of first offer' (ROFO) has the right to:
APurchase the property at any time at market value
BReceive the first opportunity to negotiate a purchase or lease before the landlord offers it to outside parties✓ Correct
CMatch any bona fide third-party offer
DExtend the lease automatically
Explanation
A right of first offer gives the tenant the first opportunity to make an offer before the landlord lists the property — the landlord must negotiate with the ROFO holder first, though they can ultimately reject the offer and sell to a third party.
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