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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.