RSA 361-D:12 · Rights of Assignee of Lessor

361-D:12 Rights of Assignee of Lessor. –

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I.

An assignee of the lessor's rights shall be subject to all equities and defenses of the lessee against the lessor that are clear on the face of the lease, notwithstanding an agreement to the contrary, but the assignee's liability may not exceed the amount of the obligation owing to the assignee at the time of the assignment.

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II.

The assignee shall have no liability for errors or omissions made by the lessor or lessor's agent when providing itemization of the components of capitalized cost pursuant to RSA 361-D:3, III(q).

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III.

The assignee shall have recourse against the lessor to the extent of any liability incurred by the assignee pursuant to this section regardless of whether the assignment was with or without recourse. Source. 1996, 85:1, eff. Nov. 15, 1996.

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