Yes - severely below-market pricing is the primary trigger for boards to consider exercising their ROFR. If a sale threatens building-wide valuations by establishing a low comparable, the board has financial motivation to block it. Price at or above market value and your ROFR waiver will be routine. If you are selling at a discount for speed or personal reasons, consult your attorney about the risk threshold for your specific building.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: Condo Right of First Refusal Risk
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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