Right of First Refusal

This is the right of a tenant or other party to make a first offer to rent or buy a property before it is offered to third parties.

Other terms from the category

FLA

FLA (an acronym for "Future Lease Agreement") is a term used in the field of commercial real estate to designate a future lease contract. A ...

Landlord

A landlord is a person or company that owns a property and rents it out to tenants.

Parking ratio

A parking ratio (also known as a parking standard or parking coefficient) is an urban design and construction concept that determines the ma...

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