ROFR
Pronounced Rōfer. See Right of First Refusal.
Frequently Asked Questions about ROFR (Right of First Refusal)
What does ROFR stand for and how is it pronounced?
ROFR stands for Right of First Refusal and is pronounced Rōfer. It is a contractual right that allows a party to step in and match the terms of a proposed sale or lease.
Where can I find a detailed explanation of ROFR?
See the full glossary entry under “Right of First Refusal” for a complete definition, example scenario, and analysis of how it impacts real estate transactions.
Is ROFR the same as “Derecho de Primer Rechazo”?
Yes, “Derecho de Primer Rechazo” is the Spanish-language equivalent of Right of First Refusal (ROFR).
Where can I download the full CRE Glossary?
You can download the full CRE Glossary in an eBook (PDF) format by clicking the link provided in the related content section.
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