A Montgomery Maryland Nondisturbance Provision, also known as a Tenant Friendly Nondisturbance Provision, is a legal agreement written into a lease that provides protection and rights to tenants in the event of a property foreclosure or sale. This provision ensures that tenants can continue to occupy the premises and maintain their lease terms, even if a change in ownership occurs. When a property is subject to foreclosure or sold, the Nondisturbance Provision comes into play, requiring the new owner or lender to honor the existing lease and not disturb the tenant's occupancy rights. This provision safeguards tenants from sudden eviction or lease termination due to a change in property ownership, ensuring stability and security in their tenancy. Keywords: Montgomery Maryland, Nondisturbance Provision, Tenant Friendly, lease, protection, rights, foreclosure, sale, legal agreement, occupancy, eviction, stability, security. Types of Montgomery Maryland Nondisturbance Provision — Tenant Friendly: 1. Foreclosure Nondisturbance Provision: This type of provision is specifically designed to protect tenants in the event of a property foreclosure. It outlines the tenants' rights to remain in the property and maintain their lease terms, even if the property ownership transfers to a new owner. 2. Sale Nondisturbance Provision: This provision focuses on safeguarding tenants' occupancy rights when the property is sold. It ensures that tenants are not evicted or faced with sudden lease terminations due to a change in ownership. 3. Lender Nondisturbance Provision: In instances where the property is owned by a landlord who has taken out a loan against it, this provision offers protection to tenants in case the property is foreclosed upon by the lender. It guarantees that tenants can maintain their lease agreement even if the property ownership shifts to the lender. 4. Multi-Tenant Nondisturbance Provision: This type of provision applies to properties with multiple tenants. It ensures that all tenants are granted nondisturbance rights in cases of foreclosure or sale, giving each tenant the security to continue their tenancy and lease terms regardless of changes in ownership.
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.