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The owner of property gives an individual the right to first purchase a property if he or she decide to sell it. A time period for this right is detailed with an expiration date.

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What is first right of refusal

The first right of refusal is a legal right that gives the holder the option to buy an asset before the owner can sell it to another party.

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Real estate investors
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1.

Start by obtaining the PDF template for the first right of refusal form from pdfFiller.
2.

Open the template in the pdfFiller interface.
3.

Begin filling out the section for the parties involved; include names and contact information for the seller and the buyer.
4.

Specify the property or asset in question in the designated area, providing a clear description and any relevant details.
5.

Indicate the conditions under which the first right of refusal is triggered, such as sale terms or timeframes.
6.

Include any additional clauses that are pertinent to the agreement.
7.

Carefully review all entered information for accuracy before finalizing the document.
8.

Once all information is complete, utilize the 'Save' function to store your filled form securely.
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If needed, share the document directly with relevant parties via the sharing options available in pdfFiller.