Real Estate Tip – Know Your Rights: First Negotiation & First Offer

Real Estate Tip November 9, 2012
Rick Smith, Bernstein Shur, Real Estate Practice Group

Recently, we looked at a tenant’s option to purchase and the right of first refusal when purchasing commercial rental space. There are two additional ways for tenants to further preserve their right to buy the leased premises in the future:

• Right of first negotiation
• Right of first offer

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Rick Smith is a long-time member and a past recipient of MEREDA’s volunteer of the year award.

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