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First Refusal Right

In real estate, a First Refusal Right, also known as a right of first refusal, gives a lessee the opportunity to purchase a property before the owner sells it to someone else. If the owner decides to sell and receives a legitimate offer from a third party, the lessee...

Basis (Cost Basis)

Cost basis is the dollar amount assigned to property at the time it is purchased under the...

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HUD

HOUSING & URBAN DEVELOPMENT

HUD

(Department of Housing and Urban Development)

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