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Purchase and Sale Agreements


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The Model Conservation Transaction Addendum is designed for use with standard Pennsylvania Association of Realtors purchase and sale agreement forms. It addresses issues that commonly arise with conservation acquisition projects.
The holder of a right of first offer has the opportunity to purchase land at the landowners’ asking price before other prospective purchasers have an opportunity. An alternative configuration has the holder, rather than the landowners, making the first offer. If the right of first offer is coupled …
A right of first purchase gives a potential purchaser the opportunity to purchase before a property is sold to another. It can be a right of first offer, a right of first negotiation, a right of first refusal or a combination of these rights.


Nothing contained in this or any other document available at is intended to be relied upon as legal advice. The authors disclaim any attorney-client relationship with anyone to whom this document is furnished.

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