The holder of the right of first refusal is holder of an option to purchase the real property “if and when the owner decides to sell to a third party at an ...

The purpose of the right of first refusal is to allow the condominium association or existing unit owners to maintain some control over who resides in the ...

22 февр. 2021 г. · The Right of First Refusal (ROFR) is a clause that gives the HOA the right to purchase a property before the seller accepts another offer. The ...

The right of first refusal allows the association to step into the shoes of the buyer and purchase the unit under the same terms and conditions as contained in ...

Moreover, the first refusal right may be exercised in an affirmative manner, enabling the remaining members to purchase the unit for resale to occupants deemed ...

Right of first refusal in real estate (ROFR) is a contractual clause that gives the right holder the first opportunity to make an offer to buy the property.

The basics of a condominium's right of first refusal, common reasons to utilize the right and difficulties that may be caused by your bylaws.

A right of first refusal provision normally contains at least three basic components. It requires a unit owner who wishes to sell his unit to first offer it ...

The right of first refusal exists to enable a condominium to exercise some degree of control over the transfer or leasing of apartments.

When a Right of First Refusal exists, there is a process that the Association must go through in order to obtain owner approval to spend Association funds on ...