Contracts
A 'right of first refusal' clause in a lease gives the tenant the right to:
ATerminate the lease if the property is listed for sale
BMatch any bona fide offer the landlord receives before the landlord can sell to another buyer✓ Correct
CPurchase the property at any time during the lease
DSublease the property to a third party
Explanation
A right of first refusal allows a tenant to match any purchase offer the landlord receives from a third party before the landlord can accept that offer. It differs from a purchase option, which allows the tenant to buy at a predetermined price.
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