Right first refusal sample 2025

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This Right of First Refusal to Purchase Real Estate is made on this the day of ,20 , by and between , hereinafter referred to as the SELLER and , and his/her assigns, hereinafter referred to as the PURCHASER.
There is no difference. These terms are used interchangeably. If you have agreed to give someone a first right of refusal or a last right of refusal, you should document the arrangement in a written Agreement so the terms are in black and white. It helps to clarify expectations and avoid costly disputes.
A right of first refusal is a serious detriment to the value and marketability of property and often leads to litigation. In most situations you should avoid granting rights of first refusal if at all possible.
Yes, an ROFR can expire. An ROFR generally includes a timeline that details how long a buyer has to negotiate with a seller before their window of opportunity to buy and right of first refusal expires. Upon expiration, the home seller is free to sell to another buyer.
A generic right of first refusal (ROFR) provision that restricts a contracting party from accepting a third-party offer to enter into a specified transaction without first offering the terms proposed by the third party to the holder of the ROFR.
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The right of first refusal (ROFR) is a legal provision in real estate that gives a prioritized, interested party the exclusive opportunity to buy or lease a property before the owner can negotiate with other prospective buyers or tenants.

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