Right of First Offer to Purchase (Commercial Lease) (Pro-Tenant) | Practical Law

Right of First Offer to Purchase (Commercial Lease) (Pro-Tenant) | Practical Law

A Standard Clause giving a tenant in a commercial lease a right of first offer (ROFO) to purchase the property in which the tenant's premises are located. This Standard Clause favors the tenant but has integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.

Right of First Offer to Purchase (Commercial Lease) (Pro-Tenant)

Practical Law Standard Clauses w-018-3938 (Approx. 10 pages)

Right of First Offer to Purchase (Commercial Lease) (Pro-Tenant)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A Standard Clause giving a tenant in a commercial lease a right of first offer (ROFO) to purchase the property in which the tenant's premises are located. This Standard Clause favors the tenant but has integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.