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Home / Opinion Digests / Order of sale of property approved assumption of lease for that property (access required)

Order of sale of property approved assumption of lease for that property (access required)

Where an order of sale approved a purchase agreement for debtors to sell certain property, and the agreement provided that the lease for the property would be transferred to the buyer pursuant to assumption and assignment and the debtors would remain responsible for future rent if the sale was not completed, the sale order functioned ...