ContractsOption_contracts_and_right_of_first_refusalMEDIUM
A commercial tenant has a right of first refusal in the lease. The landlord receives an offer from a buyer that includes a requirement to demolish the building. Must the landlord present this offer to the tenant?
Correct Answer
D) Yes, the landlord must present any bona fide offer for the tenant to match before accepting
A right of first refusal generally requires the owner to present any bona fide offer for the holder to match, regardless of the buyer's intended use.
Answer Options
A
No, because demolition offers are excluded from rights of first refusalB
Yes, but only if the building is worth more than the landC
No, because the tenant's right only covers offers at the current useD
Yes, the landlord must present any bona fide offer for the tenant to match before acceptingWhy This Is the Correct Answer
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