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Release of Landlord and Assumption by New Owner After Sale of Property

Book Publication Date: Sep 2021
Description: Lease provision that releases original landlord for obligations to tenant that arise after the closing so long as the purchaser and new owner of the property expressly agrees to assume the lease.
Type: Contract Clauses
PLI Item #: 329244
Practice Area: Commercial leases, Real estate, Real estate contracts, Real estate leasing, Real property


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