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Glossary of Terms > R > Right of First Refusal

Right of First Refusal

A provision in an agreement in which the owner of a property agrees, legally, to give one specific party the first opportunity to purchase / lease the property before it is offered for sale / lease to others.

R Terms

Rate Lock

Rate Protection

Rate Sheets

Real Estate

Real Estate Agent

Real Estate Developer

Real Estate Investment Trust

Realtor

Recorder

Refinance

Refinancing

Reinsurance

Remaining Term

Renter's Insurance

Reserves

Reverse Mortgage

Revolving Debt

Right of First Refusal

Right of Ingress

Right of Recession