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Frequently Asked Questions:

What happens if one of the parties, either landowner or tenant, is an entity, such as an LLC, and the entity dissolves?

The operating agreement for an entity will dictate who takes on its rights and responsibilities upon its dissolution. If there is no operating agreement, each state’s corporations and/or intestacy (dying without a will) laws will govern who takes the rights and responsibilities of the lease.

Posted in: Lease Agreements, Transfer, Sale and Sublease