Missouri Laws 535.180 – Reservation in favor of mortgagee of lease in such case
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Terms Used In Missouri Laws 535.180
- 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
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
A mortgagee of such lease, not in possession of such demised premises, who within three months after execution of any such judgment shall pay all rent in arrear, and all costs, and the charges incurred by the landlord, and shall perform all the agreements which ought to be performed by the first lessee, shall not be affected by the recovery of the possession of the demised premises.