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Commercial Lease Assignment from Tenant to New Tenant Kentucky Form

Commercial Lease Assignment from Tenant to New Tenant Kentucky Form

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welcome to county office your ultimate guide to local government services and public records let's get started does a commercial lease transfer on sale of property when a property changes hands what happens to the commercial leases tied to it this question puzzles many let's dive into the world of real estate and unravel this mystery commercial leases are binding contracts between landlords and tenants they outline terms of the property use payment details and Lease duration but here's where it gets interesting what if the building you're leasing gets sold the fate of a commercial lease can hinge on a clause often overlooked called the assignment Clause this little guy is a GameChanger it dictates if and how a lease transfers upon the sale of a property most commercial leases have what's called a lease assignment this means the lease stays put even if the property gets a new owner the new landlord steps into the shoes of the old one it's

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