A landlord cannot avoid a lessee’s right of first refusal as provided in the lease by selling a larger parcel of which the leased premises is a smaller part. In that situation, the third party buyer’s offered price must be equitably apportioned to the leased premises in the proportion its square footage or appraised value bears to the square footage or appraised value of the entire parcel the third party seeks to buy. Here, the seller exhibited bad faith in hiding the third party’s offered price from the lessee and offering the lessee a price for the leased premises that exceeded its proportionate share of the price the third party offered for the larger parcel. That the lessee would need to obtain a lot split permit from the county under the Subdivided Lands Act was no obstacle. The parties contemplated that requirement and expressly provided in the lease for a procedure for obtaining the required permit.