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International Commercial Realtors Network
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Glossary of Terms
First Refusal Right or Right o First Refusal (Adjacent Space) - A lease clause giving a tenant the first opportunity to lease additional space that might become available in a property at the same price and on the same terms and conditions as those contained in a third party offer that the owner has expressed a willingness to accept. This right is often restricted to specific areas of the building such as adjacent suites or other suites on the same floor.
Some Areas Served
Snellville, South Decatur, St. Mary’s, St. Simons Island, Statesboro, Thomasville, Tifton, Tucker, Union City, Valdosta, Vidalia, Warner Robins, Waycross More >>>
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