Rights Of First Refusal in Commercial Leases from a Landlord’s Perspective

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David Hanley, a Fort Lauderdale, Florida business and estate planning attorney, describes the business and legal implications that should be considered by a commercial landlord when granting the tenant a preemptive right to purchase the building in which the leased premises are located, or to lease additional space adjacent to the leased premises. The article provides answers to such questions as: What is the difference between a “right of first refusal” and a “right of first offer”? What are the relative benefits and disadvantages associated with each? How may the inclusion of such rights in a commercial lease ultimately affect a landlord’s ability to negotiate future leases or even the sale of the property?

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© David F. Hanley, P.A. | Attorney Advertising

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