Many out of home leases have a clause allowing the out of home company the right of first refusal to purchase property if it is listed for sale. Will a right of first refusal hold up in court? Yes, according to Adams Outdoor versus Todd Tarr and Shirley Buchner. Here […]
Out of Home development expert Andy Goodman answers your leasing questions. What do you think of first rights of refusal? In my Lease I have a clause that states I have the first right of refusal to purchase the property. Most property owners are interested in taking the property out […]
Insider published articles stating the business reasons and legal reasons for inserting right of first refusal clauses in billboard leases. Insider received this pushback from a landlord/billboard lease holder: I find your article regarding ROFRs to be so landlord unfriendly and completely unnecessary for a billboard company to obtain. I think […]
Insider recommends a right of first refusal clause in your leases to prevent Landmark Infrastructure or a competitor from suddenly becoming your landlord. Here’s a pretty thorough right of first refusal clause which Insider inherited in a billboard lease assigned to his company. Right of First Refusal: If, during the […]
