25 CFR §162.349
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)A lessee may assign a residential lease by meeting the consent requirements in § 162.350 and obtaining our approval of the assignment under §§ 162.351 and 162.352 or by meeting the conditions in paragraph (b) of this section.
- (b)The lessee may assign the lease without our approval or meeting consent requirements if:
- (1)The lease is for housing for public purposes, or the assignee is a leasehold mortgagee or its designee, acquiring the lease either through foreclosure or by conveyance;
- (2)The assignee agrees in writing to assume all of the obligations and conditions of the lease; and
- (3)The assignee agrees in writing that any transfer of the lease will be in accordance with applicable law under § 162.014.