This office lease agreement states the conditions of non-disturbance under which the termination of the lease will be accepted. In the case of any notice of intention to terminate, such a notice shall specify the basis for such termination. Notwithstanding any default by the lessor, and notwithstanding any provision of the lease or of any law which would afford lessee the right to terminate the lease, lessee shall not be entitled to terminate the lease or give any notice of such intention to terminate without meeting the criteria of this agreement.
A Nondisturbance Agreement is a legal document that protects the rights of a tenant in the event of a foreclosure on the property they have leased. Specifically, the New Hampshire Overkill Nondisturbance Agreement offers additional protection to tenants by ensuring that not only the landlord's mortgage is prioritized but also other liens that may exist on the property. In New Hampshire, there are two main types of Overkill Nondisturbance Agreements: Commercial Overkill Nondisturbance Agreement and Residential Overkill Nondisturbance Agreement. 1. Commercial Overkill Nondisturbance Agreement: This type of agreement is applicable when a commercial tenant leases a property that serves as a business premises. It ensures that the tenant's rights are not disturbed during foreclosure or other legal proceedings against the landlord. This agreement specifically addresses any potential conflicts with other liens, ensuring the tenant can continue their business operations undisturbed. 2. Residential Overkill Nondisturbance Agreement: A Residential Overkill Nondisturbance Agreement is designed to protect the rights of tenants who reside in rental properties, such as apartments or single-family homes. It assures tenants that they will not face eviction or disruption to their living arrangements due to the landlord's financial issues or foreclosure. This agreement extends beyond just the landlord's mortgage to cover any other liens or encumbrances that may arise, aiming to provide security and stability to the tenant's living situation. In both types of agreements, the New Hampshire Overkill Nondisturbance Agreement ensures that tenants' rights are prioritized, giving them peace of mind in potentially uncertain situations and legal proceedings. It guarantees that they can continue using the property as intended without interference from third-party liens, making the agreement essential for tenants seeking long-term stability and protection in their commercial or residential leases.
