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Updated over 7 years ago on . Most recent reply

User Stats

93
Posts
40
Votes
Paul Haviland
  • Real Estate Agent
  • Madison, WI
40
Votes |
93
Posts

Right of First Refusal (Perpetual)

Paul Haviland
  • Real Estate Agent
  • Madison, WI
Posted

I understand the basics of a recorded right of first refusal.  My question is, can you have it be a "perpetual" right?  As in, the right occurs every time the property is about to change hands.  I picture this more like a deed restriction than a recorded document that would be cleaned up on title prior to the first transfer after recording the right of first refusal.

Anyone have any experience with something like this?

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