La. Admin. Code tit. 34 § III-510
Current through Register Vol. 50, No. 11, November 20, 2024
Section III-510 - Assignment of Proceeds of Lease and Assignment of LeaseA. Assignments of Lease and Assignments of Proceeds of Lease by a lessor must be approved in advance and in writing by the Office of Facility Planning and Control-Real Estate Leasing Section. Approval of a requested assignment shall not be unreasonably or arbitrarily withheld by either party. However, the approval of any assignment of proceeds of lease may be conditioned upon receipt of reasonable assurances from assignee of his ability and willingness to assume responsibility for performance of the terms of the lease in the event of failure of performance by the assignor. Assignment of Lease Forms and Assignment of Proceeds of Lease Forms shall be provided by the Office of Facility Planning and Control, Real Estate Leasing Section.La. Admin. Code tit. 34, § III-510
Promulgated by the Office of the Governor, Division of Administration, Facility Planning and Control, LR 26:1022 (May 2000).AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1551-1736.