§ 765. Effect of redemption upon lease. Where a redemption is made,
as prescribed in this article, the rights of the person redeeming are
subject to a lease, if any, executed by the petitioner since the warrant
was issued, so far that the new lessee, his assigns, undertenants, or
other representatives, upon complying with the terms of the lease, may
hold the premises so leased until twelve o'clock, noon, of the first day
of May next succeeding the redemption. And in all other respects, the
person so redeeming, his assigns and representatives succeed to all the
rights and liabilities of the petitioner under such a lease.