Definition
A provision letting the HOA (or another party) match an offer before an owner can sell or lease to someone else.
A right of first refusal, found in some governing documents, gives the association (or another designated party) the chance to match a pending sale or lease before the owner completes it with an outside party.
These provisions are less common today and can complicate transactions, so where they exist, boards must handle them promptly and carefully to avoid holding up a sale. Their validity and mechanics depend on the documents and state law.