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A right of first refusal is a fairly common clause in some business contracts that essentially gives a party the first crack at making an offer in a particular transaction.
The Tenant's Right of First Refusal (TROFR) in Baltimore City maintains that ?before the owner of a single-family residential rental property sells or transfers the property to another, the current tenant has the opportunity to purchase the property on commercially reasonable terms.? TROFR also guarantees that ...
The Tenant's Right of First Refusal (TROFR) in Baltimore City maintains that ?before the owner of a single-family residential rental property sells or transfers the property to another, the current tenant has the opportunity to purchase the property on commercially reasonable terms.? TROFR also guarantees that ...
A right of first refusal is a contractual right giving its holder the option to transact with the other contracting party before others can. The ROFR assures the holder that they will not lose their rights to an asset if others express interest.
A right of first refusal is a clause used in contracts that allows one party the first opportunity to make an offer on a property. It is basically ?first dibs? in legal form.
TOPA BASICS: When Does TOPA Apply? notice to vacate for purposes of demolition or discontinuance of housing use, the owner shall give the tenant an opportunity to purchase the housing accommodation at a price and terms that represent a bona fide offer of sale.
Entry. Advanced Notice: There is no state law in Maryland requiring landlords to give advance notice before entering a property. Permitted Times: Maryland state law does not designate any time-of-day restrictions for entering.
In some cases, a right of first refusal may give the holder the right to purchase the property at a specified ?bargain? price. Such provisions may be held unenforceable, especially if it is apparent that the specified price is significantly less than fair market value.