When negotiating a real estate contract, a common phrase you will see is “Right of First Refusal”. What does this mean, though? And when is it applicable? What is a right of first refusal? Typically it’s an agreed-upon clause in a contract, where the seller gives the buyer a certain…
![What Is a Right of First Refusal?](https://www.tracyellis.com/wp-content/uploads/2017/08/business-962358_1280.jpg)