Margaret isn't ready to buy jill's property, but she pays jill a fee that guarantees she'll be notified if another buyer appears. If another buyer does make an offer, margaret has the opportunity to purchase at the price and terms of the offer. Margaret has a(n) ______ on jill's property

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11-04-2022
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Margaret isn't ready to buy jill's property, but she pays jill a fee that guarantees she'll be notified if another buyer appears. If another buyer does make an offer, margaret has the opportunity to purchase at the price and terms of the offer. Margaret has a(n) ______ on jill's property

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jayilych4real jayilych4real · Answer 1 · 2022-04-15T11:44:26+02:00

What this means is that Margaret has a Right of first refusal on Jill's property,

What is Real Estate?

This refers to the buying and selling of properties and how the ownership is transferred.

Hence, because Margaret has made a down payment on the property which gives her the chance to buy the property if there is no counteroffer, then this means that Margaret has a Right of first refusal on Jill's property,

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