Virginia Assignment of Leases regarding the Sale of Rental Property
Category:
State:
Multi-State
Control #:
US-1340977BG
Format:
Word;
Rich Text
Instant download
Description
An assignment of lease is the transfer of a lease by a lessee to a third party, with all its rights and obligations. The lessee transfers the entire unexpired remainder of the lease term to a third party. The assignor remains liable under the original lease contract unless expressly released by the landlord. Some leases may contain restrictions on assignments or subleases.
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