Does respect right of first refusal for renters?

Last updated on June 10, 2024

At, we understand that retiring farmers often enjoy retaining ownership and being able to engage with the renter of their land. At we respect those positive relationships between the owner and renter. A ROFR (the ability of the renter to match any offer) is not needed with however, as the tenant is fully aware of the pending sale and can freely bid with the other bidders. On the contrary, if granted a ROFR this tends to have a severe negative affect on the value the owner receives in the end. Most interested bidders don’t even apply to get financing, let alone bid, if they cannot realistically see buying the land in the end.

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