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
Right of First Refusal
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.
1
Strategy Call
Discuss your goals and financing needs
2
Get Pre-Approved
We match you with the right lender
3
Close Your Deal
Fast closings with expert support
Need Help With right of first refusal?
Talk to a mortgage financing specialist for investors and get personalized guidance.