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On completion of a lease transfer is the original Lessee still held liable for the obligations of the new Lessee?

April 26, 2017completion held lease lessee liable obligations original transfer

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On completion of a lease transfer is the original Lessee still held liable for the obligations of the new Lessee?

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This varies according to the policy of each individual leasing company. It is extremely important that you clarify this at time of the lease transfer.