First Right of Refusal

[Dustin Caldwelll]

I had to relocate to Chicago from ATL for my job and hired a property MGT company to assist with renting out my home in ATL. We found a tenant who owns his own company, wants to pay in advance with 3 month increments (from his companies checkbook) and wants a "first right of refusal" if we decide we want to sell the house in the future. He also wants to sign a three year contract. The language my property mgr put in the contact is below. We have not signed this contract yet.

I feel like there are some angles here where I could get screwed. Open to all pessimistic scenarios!

During the term of the lease, and any extensions thereof, "Resident" has the first-right-of-refusal to purchase "Property". "Resident" has the right to purchase "Property" at the same price and terms as provided to the "Property" owner in a bona fide offer from a 3rd party. The 3rd party offer must be acceptable to the owner's, in the owner's sole discretion. "Resident" has 36 hours, after being notified, to match the 3rd party offer with a bona fide offer of equal or greater value and terms. If "Resident" does not deliver a bona fide offer to purchase the "Property" at equal or greater value and terms within 36 hours, "Property" owner has the right accept the 3rd party offer with no other obligation to "Resident" concerning the purchase of "Property"