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What exactly is a Motion for the Assumption of a Lease?

April 26, 2017Assumption lease motion

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What exactly is a Motion for the Assumption of a Lease?

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A Motion for the Assumption of a Lease is a legal document by which both you and your creditor agree to reinstate the terms of the lease agreement on your property. If you sign such an agreement, you will he responsible according to the terms of the agreement and will be held liable should you fail to fulfill such terms.