A contractual right giving a party the first opportunity to purchase a property before the owner can sell to someone else. Common in joint venture agreements and some commercial leases.
← Mortgage & Real Estate Glossary 2026 · Editorial standards
A contractual right giving a party the first opportunity to purchase a property before the owner can sell to someone else. Common in joint venture agreements and some commercial leases.
← Mortgage & Real Estate Glossary 2026 · Editorial standards
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