Louisiana Disposición de pago en un subarrendamiento - Attornment Provision in a Sublease

• Category: Propietario Inquilino - Arrendamientos comerciales - Alaska
• State: Multi-State
• Control #: US-OL2004
• Format: Word

Description

Negociación y Redacción de Arrendamientos de Oficinas The Louisiana Attornment Provision in a Sublease is a legal provision that establishes the tenant's acknowledgment and acceptance of the sublandlord's right to transfer the lease to a new owner in the event of a sale or transfer of the property. This provision ensures that the subtenant recognizes the new landlord and affirms their intent to continue the sublease under the new ownership. In simpler terms, when the subleased property is sold or transferred to a new landlord, the subtenant agrees to recognize and continue the sublease with the new owner. This provision is important for maintaining the subtenant's rights and obligations under the sublease agreement despite any changes in ownership. Different types of Louisiana Attornment Provisions in a Sublease include: 1. Basic Attornment Provision: This provision states that the subtenant agrees to attorn to any new landlord who acquires the property, recognizing them as the new landlord and continuing the sublease under their ownership. 2. Non-Disturbance Attornment Provision: This provision offers extra protection to the subtenant by stating that in the event of a change in ownership, the new landlord must agree to honor the terms of the sublease as long as the subtenant is not in default of the sublease agreement. This provision provides the subtenant with reassurance that their rights, obligations, and access to the subleased premises will not be disrupted under new ownership. 3. Limited Attornment Provision: In some cases, a sublease agreement may include a limited attornment provision. This means that the subtenant agrees to recognize and attorn to the new landlord only if certain conditions are met. These conditions could include obtaining the subtenant's consent to the new landlord or ensuring that the new landlord assumes all the obligations of the original landlord under the sublease. It's essential to carefully read and understand the attornment provision in a sublease agreement to know the subtenant's rights and obligations in the event of a change in ownership. Consulting with a legal professional can help ensure that the sublease agreement adequately protects the subtenant's interests and complies with Louisiana laws and regulations.

The Louisiana Attornment Provision in a Sublease is a legal provision that establishes the tenant's acknowledgment and acceptance of the sublandlord's right to transfer the lease to a new owner in the event of a sale or transfer of the property. This provision ensures that the subtenant recognizes the new landlord and affirms their intent to continue the sublease under the new ownership. In simpler terms, when the subleased property is sold or transferred to a new landlord, the subtenant agrees to recognize and continue the sublease with the new owner. This provision is important for maintaining the subtenant's rights and obligations under the sublease agreement despite any changes in ownership. Different types of Louisiana Attornment Provisions in a Sublease include: 1. Basic Attornment Provision: This provision states that the subtenant agrees to attorn to any new landlord who acquires the property, recognizing them as the new landlord and continuing the sublease under their ownership. 2. Non-Disturbance Attornment Provision: This provision offers extra protection to the subtenant by stating that in the event of a change in ownership, the new landlord must agree to honor the terms of the sublease as long as the subtenant is not in default of the sublease agreement. This provision provides the subtenant with reassurance that their rights, obligations, and access to the subleased premises will not be disrupted under new ownership. 3. Limited Attornment Provision: In some cases, a sublease agreement may include a limited attornment provision. This means that the subtenant agrees to recognize and attorn to the new landlord only if certain conditions are met. These conditions could include obtaining the subtenant's consent to the new landlord or ensuring that the new landlord assumes all the obligations of the original landlord under the sublease. It's essential to carefully read and understand the attornment provision in a sublease agreement to know the subtenant's rights and obligations in the event of a change in ownership. Consulting with a legal professional can help ensure that the sublease agreement adequately protects the subtenant's interests and complies with Louisiana laws and regulations.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.