The right of first refusal gives the holder priority to purchase a property at the same price that has been offered. Exercising this right correctly requires careful attention to deadlines and procedures.
Exercising the right
When exercising a right of first refusal, several issues arise, including who should receive the notification and what deadlines apply. We can assist with the process and ensure that rights are properly exercised.
Frequently Asked Questions
The right of first refusal gives the holder priority to purchase a property at the same price that has been offered. The right must be exercised within a specific deadline after notification is received. We can assist with the process and ensure that rights are properly exercised.