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Assignment of Lease from Lessor with Notice of Assignment Connecticut Form

Assignment of Lease from Lessor with Notice of Assignment Connecticut Form

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you whether fred and sally or john and mary are in that property right so let's say you do the switch and then after three months john and mary stop paying the rent can you go back to your original 10 to extract the rent from them and the answer is no but when it comes to commercial real estate when the business is sold there is a document called an assignment of lease and what this document does is it assigns the lease of your property from the existing owner of the business to the new owner and when you do that you have to give approval to that but the document states that should the new owner fail to pay the rent then you can go back to the previous owner you might say well that sounds unfair but this is a great way to ensure that the seller sells it to a person who can actually run the business well and afford to pay the rent now i had a fishing chip shop once out of all things and it sold it was changed the ownership changed hands five times during the lease duration so i

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