Get the up-to-date right first refusal 2024 now

Get Form
right of first refusal Preview on Page 1.

Here's how it works

01. Edit your form online
01. Edit your right of first refusal template online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
03. Share your form with others
Send first right of refusal real estate example via email, link, or fax. You can also download it, export it or print it out.

The best way to modify Right first refusal in PDF format online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

Adjusting paperwork with our feature-rich and intuitive PDF editor is straightforward. Follow the instructions below to fill out Right first refusal online quickly and easily:

  1. Log in to your account. Sign up with your email and password or register a free account to test the product prior to choosing the subscription.
  2. Import a form. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
  3. Edit Right first refusal. Effortlessly add and highlight text, insert images, checkmarks, and icons, drop new fillable areas, and rearrange or delete pages from your paperwork.
  4. Get the Right first refusal accomplished. Download your updated document, export it to the cloud, print it from the editor, or share it with other participants through a Shareable link or as an email attachment.

Benefit from DocHub, the most straightforward editor to quickly manage your documentation online!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
In some cases, a right of first refusal may give the holder the right to purchase the property at a specified bargain price. Such provisions may be held unenforceable, especially if it is apparent that the specified price is docHubly less than fair market value.
A right of first refusal is a fairly common clause in some business contracts that essentially gives a party the first crack at making an offer in a particular transaction. In real estate terms, the phrase right of first refusal operates similarly.
What Triggers Right of First Refusal? Right of first refusal in real estate is triggered when a homeowner decides to sell their property. If he or she has entered into a contractual agreement that requires them to give someone else the right to purchase the house first, right of first refusal is triggered immediately.
Examples. ROFR: Abe owns a house and Bo offers to buy that house for $1 million. However, Carl holds a right of first refusal to purchase the house. Therefore, before Abe can sell the house to Bo, he must first offer it to Carl for the $1 million that Bo is willing to buy it for.
Between a tenant and a landlord: If a tenant or tenants are interested in buying the rental property they live in, and have a right-of-first-refusal clause written into the lease, the landlord must consider their offer before negotiating with other potential buyers.

People also ask

The right of first refusal is usually triggered when a third party offers to buy or lease the property owners asset. Before the property owner accepts this offer, the property holder (the person with the right of first refusal) must be allowed to buy or lease the asset under the same terms offered by the third party.
ROFR essentially gives interested buyers a contractual right to be the first party to have an opportunity to place an offer on a property when its listed on the market for sale by its owner.
A right of first refusal is beneficial to interested parties because it gives them the opportunity to have first dibs before any other offers can be received on the property. However, it can be a disadvantage for sellers, since it can block their access to other offers.
ROFR essentially gives interested buyers a contractual right to be the first party to have an opportunity to place an offer on a property when its listed on the market for sale by its owner.
A right of first refusal is a fairly common clause in some business contracts that essentially gives a party the first crack at making an offer in a particular transaction. In real estate terms, the phrase right of first refusal operates similarly.

printable first right of refusal form