What is the Right of First Refusal?

Woman wondering what the Right of First Refusal is

The Right of First Refusal, otherwise known as the Right of Pre-emption or First Right of Refusal, is given to qualifying leaseholders when their freeholder wishes to sell his/her freehold interest. Under the Right of First Refusal, leaseholders are provided with the opportunity to purchase the freehold of their building before another party. This is […]