Provident Law

The Right of First Refusal in

Real Estate Transactions

By Christopher J. Charles

The right of first refusal is a common provision in real estate transactions. Although its definition is straightforward, it can raise various legal issues that both parties to the contract should be aware of before moving forward with the transaction.

We have a long history of handling commercial real estate transactions and representing everyone, from small business owners to large corporations in various industries. An Arizona real estate lawyer at Provident Law® can advise you of your legal rights during your real estate transaction, including the implications of the right of first refusal. Together, we can explore any legal issues that may arise during the transaction, determine the best strategy for addressing those issues, and work to resolve those issues as favorably as possible for you and your business.

The right of first refusal is a contractual provision that requires the owner of a certain property to allow another party the first opportunity to purchase the property on the same terms if the owner chooses to sell it. In other words, if the property owner decides to sell their property, they must allow the person or entity holding the right of first refusal the first chance to purchase it according to those terms.

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Taxation of Gifts to Ministers

and Church Employees

By Erik W. Stanley

Taxation of gifts is an important concern for churches. Ministers and other church workers often receive gifts, especially around the holiday season. These gifts may consist of a small amount of cash in a Christmas card or a larger sum collected via donation during or before a church service. In other cases, ministries provide benevolent gifts to church employees in times of need. Regardless of the type of gift involved, churches must determine whether the gift is taxable income to the church worker or not.



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