When does 3 day right of refusal apply?

The three-day right of refusal typically applies in real estate transactions, particularly in situations involving the sale of a property. It allows a tenant or co-owner the opportunity to match an offer made by a prospective buyer before the property can be sold to that buyer. This right is often stipulated in leases or co-ownership agreements to protect the interests of existing occupants or stakeholders. The specific terms and conditions can vary based on local laws and the agreements in place.