Right of First Refusal

A Right of First Refusal or RoFR is used to provide a third party (typically a neighbor or a former seller) with the right to purchase a property for the same price as may be offered by another third party, so long as that price is acceptable to the owner. This allows an owner the right to freely market the property and receive an acceptable price, but provides another person with a particular interest in the property a way to protect that interest from new outside ownership.

Price: $95