Charleston · Type

What is a condo right of first refusal in Charleston and can it kill my sale?

A right of first refusal in a Charleston condo's governing documents lets the homeowners association or another specified party match an accepted offer before the sale proceeds to an outside buyer, though this clause is uncommon compared to a typical HOA's standard approval process. It can slow down or, rarely, derail a sale if the association exercises that right, so confirming whether a building's documents include one is worth doing before listing or offering. Most Charleston-area condo associations do not use this clause, but it varies by building. Brian Beatty and a closing attorney can review a specific building's documents to confirm this.

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