This provision, sometimes referred to as a right to the first opportunity or right of sale, requires the owner to give the owner the first chance to buy a property after the owner has chosen to sell. Unlike the call option, the owner cannot force the owner to sell. Proponents have argued that the sale was not a sale because it was a lease, but the courts have argued differently. If you are a homeowner, what is fair? If you are a tenant, what would you prefer? As a landlord himself, as well as as someone who buys property, if I know that a tenant has the first right to refuse, my interest in the property is reduced. If I make an offer, I won`t spend much time or money preparing the offer or making the best offer that I think the market would make, because I know it`s possible that my offer will be cross-checked or improved by the tenant. In a standard lease agreement, both parties agree on a leasing period during which the rent is paid and the terms of sale at the end of the lease period, including the sale price. Often, the contract is divided into two parts, one representing the duration of the lease and the other a sales contract. The lease agreement sets out the responsibilities of the lessee/buyer and the lessor/seller during the lease. . . . .