Contra Costa California Right of First Refusal Agreement refers to a legal contract commonly used in real estate transactions within Contra Costa County, California. This agreement provides certain parties co-owner or adjacent property owner with the first opportunity to purchase a property before it is offered to the open market. This contractual provision ensures that the party granted this right has the option to purchase the property on the same terms and conditions proposed by a third-party buyer. The Right of First Refusal Agreement is designed to protect the interests of the party with this privilege and allows them to maintain or expand their property holdings. There are several types of Contra Costa California Right of First Refusal Agreements, each with unique variations and specifications. Some commonly known types include: 1. Residential Right of First Refusal Agreement: This type of agreement is typically used in residential real estate transactions. It grants co-owners or adjacent property owners the right to purchase a residential property first, should the current owner decide to sell. 2. Commercial Right of First Refusal Agreement: Specifically designed for commercial properties such as office spaces, retail buildings, or warehouses, this agreement ensures that adjacent property owners or co-owners have the option to buy the commercial property before it becomes available to the general market. 3. Agricultural Right of First Refusal Agreement: Aimed at preserving agricultural properties in Contra Costa County, this type of agreement gives adjacent farmers or co-owners the first chance to purchase agricultural land when the current owner plans to sell. 4. Land Right of First Refusal Agreement: This agreement pertains to undeveloped or vacant land. It allows adjacent or co-owners to exercise their right to purchase the land at the offered price before the owner seeks other potential buyers. The Contra Costa California Right of First Refusal Agreement acts as a safeguard for property owners when they decide to sell, ensuring that certain parties have the first opportunity to acquire the property. It is recommended to consult with a qualified attorney or real estate professional to draft and execute these agreements properly, as their terms, conditions, and legal implications may vary based on the specific circumstances and property type.