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Right of first refusal wisconsin real estate

First right of refusal 2026

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The document is a First Right of Refusal - Option to Purchase Addendum, which grants the Tenant the right to purchase the property before it is sold to others. The Tenant must enter into a contract within 30 days of being notified that the property is on the market. It also outlines the notice requirements and specifies a real estate commission for the broker if the option is exercised.

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Click ‘Get Form’ to open the First Right of Refusal document in the editor.
Begin by filling in the date at the top of the form where indicated. This is essential for establishing the timeline of your agreement.
Next, enter the names of both parties involved: the Tenant and the Owner/Landlord. Ensure that all names are spelled correctly to avoid any legal issues.
In the section describing the premises, provide a detailed address or description of the property in question. This clarity helps prevent misunderstandings.
Review and complete the notice section, ensuring you understand how to exercise your option within 30 days if notified about a sale.
Fill in details regarding any real estate commission agreements, including broker name and percentage, if applicable.
Finally, ensure both parties sign and date at the bottom of the form to validate this addendum.

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