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Updated almost 7 years ago on .

User Stats

1
Posts
0
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Pedro Inoa
  • Flipper
  • Dracut, MA
0
Votes |
1
Posts

How can I avoid a commercial First Refusal in Rhode Island.

Pedro Inoa
  • Flipper
  • Dracut, MA
Posted

Hello,

I would like to know if there is any way to avoid the First Refusal in Rhode Island.

I bought a property who have a commercial lease until 2020 with a First Refusal Right. I holding the process until the first refusal problem is solved cause I don't want to cause any legal problem to the seller.

I sent a First Refusal letter before submitting the purchase offer, but the lessee said that he never received anything. I sent a new one and after 10 days the attorney received a letter saying that the lessee agrees to match the offer an buy. Now the time of the letter that I sent was expired, the seller doesn't have a Proof of funds letter and any other document.

I already close, I just waiting just to protect the seller. Any recommendation about what I can do?

Thanks