Real Estate Glossary

First Refusal Right

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Term Main definition
First Refusal Right

A clause occasionally inserted in a lease that gives a tenant the first opportunity to buy a property if the owner decides to sell. The owner must have a legitimate offer which the tenant can match or refuse.

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San Francisco Property Management

47 Kearny Street
San Francisco, CA 94108


Phone: 415-981-5780
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California DRE #01183885