Washington Code 79.44.100 – Assignment of lease or contract to purchaser at foreclosure sale
Current as of: 2023 | Check for updates
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Whenever any such tide, state, school, granted, or other lands situated within the limits of any assessing district, has been included within any local improvement district by such assessing district, and the contract, leasehold, or other interest of any individual has been sold to satisfy the lien of such assessment for local improvement, the purchaser of such interest at such sale shall be entitled to receive from the state of Washington, on demand, an assignment of the contract, leasehold, or other interest purchased by him or her, and shall assume, subject to the terms and conditions of the contract or lease, the payment to the state of the amount of the balance which his or her predecessor in interest was obligated to pay.
Terms Used In Washington Code 79.44.100
- assessing district: means :
Washington Code 79.44.003assessment: shall mean any assessment, rate or charge levied, assessed, imposed, or charged by any assessing district as defined in RCW 79. See Washington Code 79.44.004 Contract: A legal written agreement that becomes binding when signed. Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC Lien: A claim against real or personal property in satisfaction of a debt.