DIY Legal Forms

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Disposition of Apartment Lease

(Separation Agreement Provision)

Disposition of Apartment Lease. The parties presently lease premises at [address]. The lease is in both of their names and they are jointly and severally responsible for the rent thereon. (A copy of the lease is attached to this agreement as Exhibit ---------- [omitted]). Husband shall be solely responsible for, and shall hold Wife harmless from, all rent payments on the lease, and, should the property be converted to condominium or cooperative ownership, Husband shall have the sole right to exercise the option to purchase the property.