Forkjøpsrett (right of first refusal in a borettslag)
Forkjøpsrett lets existing members of a Norwegian borettslag step into your accepted purchase at the same price, within a 20-day deadline.
Forkjopsrett is a right of first refusal that lets an existing member of a borettslag step into the winning bid and take the home instead of you. It is common in cooperatives owned through a housing association. Check whether it applies before you invest time and money in a bid, because the price you fought for can pass to someone else.
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