Good morning, it’s Word of the Week Wednesday! Let’s talk about the option of right of first refusal.
The right of first refusal is a contractual right that gives the option holder the opportunity to buy or
lease the property before another buyer or tenant’s offer is accepted.
![](https://www.commercialpartnersrealty.com/wp-content/uploads/2023/04/Right-of-First-Refusal-1-1024x1024.jpg)