§ 162.457. May a lessee mortgage a business lease?
53 words·~1 min read·
/us/cfr/t25/s§ 162.457·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A lessee may mortgage a business lease by meeting the consent requirements in § 162.458 and obtaining our approval of the leasehold mortgage under §§ 162.459 and 162.460.
(b)Refer to § 162.449(c) for information on what happens if a sale or foreclosure under an approved mortgage of the leasehold interest occurs.