Property Ownership
In Virginia, a 'right of first refusal' in a residential lease gives the tenant:
AThe right to refuse to leave when the lease expires
BThe right to match any bona fide offer to purchase the property if the landlord decides to sell✓ Correct
CA priority right to renew the lease
DThe right to purchase at a fixed price regardless of market value
Explanation
A right of first refusal in a lease gives the tenant the opportunity to purchase the property by matching any third-party offer before the landlord can sell to someone else.
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