Get Right Of First Refusal To Purchase

This guide provides clear and concise instructions on how to complete the Right of First Refusal to Purchase form online. Whether you are a lessor or lessee, understanding each component of this document is essential for ensuring a smooth transaction process.

Follow the steps to complete your form effectively.

1. Click ‘Get Form’ button to obtain the Right of First Refusal to Purchase form and open it in your preferred document editor.
2. Begin by filling out the date at the top of the form. This date should reflect the day you are completing the document.
3. Enter the names of the parties involved in the transaction under the 'By and Between' section, identifying the lessor and the lessee.
4. Provide the complete address of the premises at the designated section. Ensuring accuracy in this detail is crucial for legal clarity.
5. Review Paragraph (a) carefully, as it outlines the lessor's obligations regarding the sale of the premises. No changes are required in this section.
6. In Paragraph (b), understand that the lessor must provide a Notice of Sale which includes specific terms and a copy of any bona fide offer or counteroffer.
7. For Paragraph (c), note that the lessee has 12 calendar days to respond to the Notice of Sale. They must indicate if they wish to exercise their right to purchase.
8. Paragraph (d) mentions conditions under which the lessee's right of first refusal is reactivated if terms change after they decline.
9. Read Paragraph (e) carefully to understand that if the sale is not finalized, the right of first refusal may apply again to future transactions.
10. In Paragraph (f), recognize that this right does not apply in cases of eminent domain or specific familial transfers.
11. Review Paragraph (g) which outlines the circumstances where the right cannot be exercised, particularly in cases of default or unpaid rent.
12. Once all fields are filled out, save your changes, then choose to download, print, or share the completed form as necessary.

Start completing your documents online today for a seamless management experience.