What is Right of First Refusal?
Definition
The tenant's right to match a third-party offer to lease additional space in the building. Distinct from purchase ROFR. Useful for tenants planning growth, but can deter landlord from marketing.
Frequently asked questions
What is Right of First Refusal?
The tenant's right to match a third-party offer to lease additional space in the building. Distinct from purchase ROFR. Useful for tenants planning growth, but can deter landlord from marketing.
Why does right of first refusal matter in a contract?
Risk level: Low to medium. Useful for growing tenants; mostly harmless when narrowly drafted. Inkvex flags right of first refusal clauses during analysis, explains the risk in plain English, and suggests negotiation language to protect your interests.
How does Inkvex analyze right of first refusal clauses?
Inkvex scans your contract for right of first refusal-related clauses, flags risks in plain English, quotes the exact language from your document, and cites jurisdiction-specific laws that may affect enforceability. Upload any contract at inkvex.app for a free analysis.
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