Does the Original Lessee Stay Liable After a Lease Transfer?
Sellers should not assume they are automatically released when a buyer takes over the lease.
FAQ
Does the original lessee stay liable after a lease transfer?
It depends on the leasing company and transfer agreement. Some lenders release the original lessee fully; others may keep partial liability. Confirm the policy in writing before completing the transfer.
Why does this matter for sellers?
If liability continues, the original lessee could remain responsible for missed payments or end-of-lease charges.