North Carolina Attornment Provision in a Sublease: Explained in Detail The North Carolina Attornment Provision in a sublease serves as a crucial element in commercial real estate transactions. This provision defines the legal relationship between a tenant subleasing a property and the original landlord, ensuring that the subtenant agrees to recognize and acknowledge the rights and obligations of the original lease. The Attornment Provision in North Carolina protects the interests of both the landlord and the tenant in the event of a sublease. It establishes the requirement for the subtenant to attorn, meaning to accept and recognize, the original landlord as their landlord directly and to honor the terms and conditions outlined in the original lease. In most cases, there are two different types of Attornment Provision seen in North Carolina subleases: 1. Basic Attornment Provision: This type of provision simply includes a statement affirming that the subtenant will attorn to the original landlord in the event of a termination or default by the tenant. It generally provides a straightforward acknowledgment of the subtenant's obligation to accept the landlord as the new direct landlord in case of any issues. 2. Expanded Attornment Provision: This type of provision encompasses more comprehensive measures to safeguard the rights and benefits of the landlord and subtenant. It may outline specific procedures for the subtenant to follow and may detail additional obligations or responsibilities that the subtenant must assume towards the original landlord. Keywords: North Carolina, Attornment Provision, Sublease, commercial real estate, tenant subleasing, original lease, landlord, subtenant, recognition, obligations, interests, attorn, terms and conditions, termination, default, rights, benefits, procedures, responsibilities. Note: The description above is a general explanation of the North Carolina Attornment Provision in a Sublease. It is advisable to consult with a legal professional or real estate attorney to understand the specific implications and requirements applicable to your situation.
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.North Carolina Disposición de pago en un subarrendamiento - Attornment Provision in a Sublease
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