Options and Rights of First Refusal in Real Estate Transactions Leasehold Issues
Jun 8, 2000 | Article
Written by Dennis Daoust
(Canadian Bar Association, Ontario)
This paper deals with the judicially developed rules pertaining to options to purchase, options to lease, and rights of first refusal contained in leases. Due to the manner in which these rights are treated in Canadian common law jurisdictions in the context of leases, there is considerable room for disappointed expectations. Special care needs to be taken in drafting leases and related agreements where these rights are concerned.
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