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The right of first refusal

by Kijner & Sons International Realty

The right of first refusal to purchase clause on a lease may seem clear at the time a lease is negotiated and it is usually viewed as an incentive to the tenant since it does not cost anything. However, a right of first refusal, unless it is very clearly stated on the lease, might complicate matters.

The right of first refusal gives the option to the tenant that before the landlord/seller can sell the property, the tenant must be given the opportunity to purchase it for the same price, terms, and conditions as the offer received from an outside third party.

1. The lease shall state a specific amount of days for the tenant to respond as to whether he accepts or rejects his right to purchase the property.

2. The lease must give certain amount of days for the tenant to have the purchase contract drawn and executed after he/she is notified of an outside offer has been received

3. The provision should state if this is a one-time right or if it continues during the term of the lease for every offer the landlord receives.

4. The third party offer must be in writing and signed by the prospective buyer before it is presented to the tenant for his consideration.

5. One of the complications that it may occur is that if the tenant declines to meet the price being offered by the outside third party, and later on the property closes a a lower price, after the initial agreed price is reduced due to defects found during inspection period, the tenant may claim he was not given the opportunity to buy at the lower price.

6. All communications must be transmitted in writing and are time sensitive.

7. The lease shall define very clearly if any sale to a third party is going to be subject to the existing lease or if tenant or landlord may have the right to terminate the lease at the time of the sale.

Any Realtor® taking a listing with a lease in place should be made aware by the owner if a right of first refusal is in effect. The Realtor® should review these provisions and clearly understands whether or not the listing Realtor® would be entitled to a commission in case such right of first refusal is exercised by the exiting tenant. The Realtor® should be prepared to assist owner/landlord navigate these troubled waters.

Do you have questions about purchasing or selling a property with a tenant in place in Miami or Sarasota Florida ? Contact our Florida agents today at info@kijner.com. You'll be glad you did :)

--

Courtesy of Mrs. Terri Alvarez, Broker at Fortune International Realty, Miami FL

 

 

2018 Florida Realtors® Mid-Winter Business Meetings

by Kijner & Sons International Realty

Daniel Kijner, KSI Realty's Senior Broker-Owner and Broker Associate with Fortune International Realty in Miami, is currently attending with fellow real estate professionals the 2018 Florida Realtors® Mid-Winter Business Meetings.

During the event, which is held in Orlando Florida from the 24th to the 27th of January 2018, several highly respected economists and business data experts will share their insights on the US economy as well as on the Florida residential real estate and housing market. The 2018 Florida Realtors® Mid-Winter Business Meetings are a great opportunity for agents to not only network but also learn about the latest real estate trends and data to better serve their clients and the community at large. 

KSI Realty is a proud member of the Florida Realtors®, the voice for real estate in Florida which provides programs, services, continuing education, research and legislative representation to its 180,000 members in 54 boards/associations. 

Check some of our photos from the event below. Wanna learn more about the committees' meetings and events, click here

Are you looking to buy or sell a property in Miami-Dade or Sarasota Counties, Florida? Visit www.miamihousesforsale.net or contact us today at info@kijner.com




2018 Florida Realtors® Mid-Winter Business Meetings




Daniel Kijner
&
Leigh Brown
(Immediate Past President of the Residential Real Estate Council,
formerly known as CRS and,
Broker Owner at Re/Max Executive Realty in North Carolina
)




2018 Florida Realtors® Mid-Winter Business Meetings




Daniel Kijner
&
Teresa King Kinney
(CEO of the 
Miami Association of Realtors®)
 



Daniel Kijner
&
Deborah Boza-Valledor
(COO & Chief Marketing Officer of the Miami Association of Realtors®)




Daniel Kijner 

Christina Pappas 
(District Sales Manager at The Keyes Company, 
daughter of Keyes President and CEO Mike Pappas and, 
2017 Residential President of the Miami Association of Realtors®)

Guiding buyers beyond your borders

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to share NAR's latest Global Perspectives guide for buyers considering overseas ownership. We, as international real estate specialists in the USA (namely in South Florida and New York City), France, Thailand and Vietnam, know first hand how much preparation can go into acquiring your dream house, villa, apartment or condo. Whether you are looking to retire, vacation or invest abroad, let us help you gain this much needed experience. We will show you the many benefits of owning properties overseas based on your own special needs and real estate project. 

To read NAR's full guide, see below. For any further questions, contact us today at info@kijner.com.

FRANCE
Are you looking to buy, sell or rent a property in Paris or on the French Riviera? Visit
 www.kijner.com

SOUTHEAST ASIA
Are you looking to buy, sell or rent a property in Bangkok, Thailand? Visit www.rentsukhumvit.com/en
Are you looking to buy, sell or rent a property in Ho Chi Minh City, Vietnam? Visit www.kijner.com

USA
Are you looking to buy, sell or rent a property in Miami, Florida? Visit
www.miamihousesforsale.net
Are you looking to buy, sell or rent a property in New York City? Visit www.nyc2buy.com

 

Global Perspectives August 2015: Guiding Buyers Beyond Your Borders

I Give Because

by Kijner & Sons International Realty

 

Daniel Kijner, KSI Realty's Senior Broker and Broker Associate with Fortune International Realty in Miami, Florida recently participated in the "I Give Because" video shoot during the 2016 Mid-Winter Business Meeting in Orlando. In this short video, he tells you why he supports legislation that enhances the Realtor® profession and improves the quality of life for all Floridians.
Watch more at https://youtu.be/d6i7B--BFLU

 

Daniel Kijner, KSI Realty's Senior Broker and Broker Associate with Fortune International Realty in Miami, Florida recently participated in the "I Give Because" video shoot during the 2016 Mid-Winter Business Meeting in Orlando. 

In this short video, he tells you why he supports legislation that enhances the Realtor® profession and improves the quality of life for all Floridians.

Watch more in the video below!

Displaying blog entries 1-4 of 4

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83-85 Boulevard de Charonne, 75011 Paris, France


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