First Right of Refusal Documents

[Account Closed]

Does anyone have a good, record-able template for First Right of Refusal?

[Tonya Kadaj]

1. Right of First Refusal. If the Resident/Lessee desires to sell his mobile home within the Park, the Lessee shall serve written notice upon the Lessor of Lessee's attempt the sell their mobile home. The notice must contain the names and addresses of the bona fide prospective purchasers, the proposed purchase price, and a full and exact disclosure of the material terms and conditions of such sale (if available, a copy of the then existing Contract shall be submitted to Lessor with said notice). Upon actual receipt of the Notice by the Lessor, they shall have 48 hours thereafter, not including Saturdays, Sundays or Legal Holidays, in which to notify the Lessee of Lessor's intent to purchase based upon the sales, terms and conditions as set forth in said sale. If Lessor rejects that offer or fails to notify the Lessee within said time, such failure shall be construed as a rejection and Lessee may sell their mobile home to the persons named in the Notice upon the terms and conditions set forth, so long as the prospective Resident meets the other reasonable requirements of the Landlord. In the event Lessor rejects said offer and if thereafter any term or condition of the proposed sale is altered, modified or otherwise changed, then Lessee must submit an additional written notice to the Lessor affording the Lessor an opportunity with an additional 48 hours after actual receipt to accept or reject the purchase based upon the changed, altered, or modified terms. Saturday, Sunday, or Legal Holidays shall not be included in the 48 hour time requirement.