Commercial Landlord-Tenant—Specific Performance of Right of First Refusal (ROFR)—A ROFR Is an Exception to the General Rule That Covenants of a Lease Are Extended Into a Month-to-Month Tenancy
Plaintiff tenants commenced an action for specific performance of a right of first refusal (ROFR), which was contained in a lease which had been executed in 2011. The lease was for a 12-month period. Upon expiration of the lease, the plaintiffs “continued to occupy the premises pursuant to a month-to-month agreement.” In May 2016, the plaintiffs learned that the owner was “in contract to sell the premises, and demanded that they be given the right to exercise the [ROFR].” The owner asserted that the ROFR had expired when the lease ended in 2012.
