This form is an Assumption Agreement. The form provides that the grantee will assume a lien on property described in the agreement. The assumption will become effective on the date provided in the agreement.
Assignment And Assumption Agreement With Novation In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-00424
Format:
Word;
Rich Text
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This Standard Document contains provisions to incorporate an assumption of the delegated obligations and an optional novation into the assignment agreement. Assignor assigns, transfers and conveys to Assignee all of Assignor's rights, title, obligations and interest in, to and under the Lease.