<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by steen:
Need a legal form for right of first refusal on a piece of property, so I can keep traack of whats happening. The man with the property is willing to sign a document giving me this right, but I want it to be legal <HR></BLOCKQUOTE>
My response:
MEMORANDUM OF PREEMPTIVE PURCHASE RIGHT (RIGHT OF FIRST
REFUSAL OR RIGHT OF FIRST OFFER)
Recording requested by
And When Recorded Return To
___________________________________
___________________________________
___________________________________
________________________________________________________________________
Memorandum of Preemptive Purchase Right
[Right of First Refusal or Right of First Offer]
This Memorandum of Preemptive Purchase Right [Right of First Refusal or Right of First Offer] (this ""Memorandum'') is made this _____ day of _______________, 19___ by and between ____________________ (""Grantor'') and ____________________ (""Grantee'').
1. Grantor hereby grants to Grantee a [right of first refusal/right of first offer] to purchase all of that certain real property located in the County of _______________, State of California, more particularly described on Exhibit ""A'' attached hereto and incorporated herein (the ""Property'').
2. The specific terms and conditions of Grantee's purchase rights are set forth in that certain Agreement dated _______________. All of the terms and conditions of the said Agreement are incorporated herein by this reference.
3. The term of the Grantee's [right of first refusal/right of first offer] expires on _______________, 19___.
4. Any party who is interested in acquiring an interest in the Property should contact the Grantor and Grantee. The Grantor's address is ____________________; and the Grantee's address is ____________________.
IN WITNESS WHEREOF, this Memorandum has been executed this _____ day of _______________, 19___.
GRANTOR GRANTEE
___________________________________ ___________________________________
[ATTACH NOTARY ACKNOWLEDGEMENTS]
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