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North Carolina Attornment Provision in a Sublease

Category:
Landlord Tenant - Commercial Leases
State:
Multi-State
Control #:
US-OL2004
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Description

This office lease is extremely harsh on the subtenant and grants no non-disturbance rights or any other protections.

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.

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FAQ

For a weekly agreement, the maximum you can charge as a security deposit is 2 weeks' worth of the rental payment. For a monthly lease, you must not charge any amount exceeding one and a half month's worth of rent.

§ 42-14. A tenancy from year to year may be terminated by a notice to quit given one month or more before the end of the current year of the tenancy; a tenancy from month to month by a like notice of seven days; a tenancy from week to week, of two days.

Here are the justified reasons for early lease termination in the state: Active Military Duty. ... Uninhabitable Conditions. ... Domestic or Sexual Violence. ... Early Termination Clause. ... Landlord Harassment or Privacy Violation. ... Mental or Physical Disability. ... Landlord Retaliation.

§ 42-10. Tenant not liable for accidental damage. A tenant for life, or years, or for a less term, shall not be liable for damage occurring on the demised premises accidentally, and notwithstanding reasonable diligence on his part, unless he so contract.

A Sublease Clause is defined as a portion of a commercial lease agreement that determines whether or not an existing tenant can sublease space to another tenant.

A North Carolina sublease agreement is a legal contract that allows a tenant to act as a "sublessor" and rent their leased property to another tenant, also known as a "sublessee." In other words, it's an arrangement that allows the subtenant to gain full or partial access to a property in exchange for rent payments.

The North Carolina Office of Administrative Hearings and the Fair Housing Act prohibit landlords from discriminating against potential tenants because of their race, religion, familial status, sex, gender, etc.

A landlord may refuse to accept rent if they are trying to evict you.

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Sep 23, 2014 — ... complete copy of the sublease agreement. Both should ... the subtenant attorn to the landlord under the executory provisions of the sublease. 15.2.1 Sublessor is a corporation duly organized, validly existing and in good standing in the State of North Carolina, with the corporate power and authority ...Tenant shall attorn to any party succeeding to Landlord's interest in the Premises, whether by purchase, foreclosure, deed in lieu of foreclosure, power of sale ... (B) Master Lessee agrees to enter into a subordination, non-disturbance and attornment agreement with any lender which shall succeed Lender as lender with ... Master lease money provisions, use restrictions, attornment provisions, and termination; Determining whether sublease risks outweigh the benefits. DETAILS Resources for lenders, landlords, and tenants in understanding and successfully negotiating subordination, non-disturbance, and attornment agreements ... a statement that the lender will not be bound by lease amendments and rent reductions made without the lender's prior approval. Lenders may also use attornment ... Every conveyance of any rent, reversion, or remainder in lands, tenements or hereditaments, otherwise sufficient, shall be deemed complete without attornment by ... Click on New Document and choose the form importing option: add Landlord Consent to Sublease Nondisturbance and Attornment by Sublessee from your device, the ... Sep 10, 1999 — Plaintiff appeals the dismissal of his amended complaint, as amended, claiming that (1) NCNB breached its sublease with him in failing to give ...

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