(10%)
Prepare a clause stipulating a right of first refusal to be embodied in a contract of lease, in case of sale of the property leased.
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1 comment:
VIII.
An example of a clause stipulating a right of first refusal in a contract of lease in case of sale of the leased property:
“In case LESSOR desires to sell the leased property upon the expiration of the lease, LESSOR shall first offer the leased property at a reasonable price to the LESSEE who shall have the right of first refusal.”
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