Property Ownership
In North Dakota, a 'right of first refusal' in a lease agreement means:
AThe tenant can refuse to pay rent once
BThe tenant has the right to match any bona fide purchase offer before the landlord can sell to a third party✓ Correct
CThe landlord must first offer the property to the government
DThe tenant can refuse to move out for the first year
Explanation
A right of first refusal gives the tenant the opportunity to purchase the property by matching any legitimate third-party offer before the landlord can sell to that third party. This is a common provision negotiated by commercial tenants.
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