This office lease provision states that it is an unpermitted assignment for partners to have a change in their share of partnership ownership and thus a default under the lease. Generally, this type of change in ownership is couched in those provisions dealing with changes in share ownerships of corporations.
Provision Dealing with Changes in Share Ownership of Corporations and Changes in Share Ownership of Partnership
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Multi-State
Control #:
US-OL203B
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Word;
PDF
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