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Confusion: Kick Out Clause vs. Right of First Refusal

When asked about the Kick Out Clause vs. a Right of First Refusal, most Realtors say, “I know they’re not the same thing – but I can’t tell you how they’re different.” Here’s a rule of thumb: The Right of First Refusal usually stems from something external, such as HOA docs. ORLANDO, Fla. – Do … Read more

Right of First Refusal: Can Sellers Cancel Contracts?

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A condo seller secured a sales contract, but the condo association has Right of First Refusal and opted to buy the condo under the contract’s terms. If the seller doesn’t want to sell to the association, can they cancel the contract altogether? WEST PALM BEACH, Fla. – Question: Last June, I had intended to sell … Read more