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

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

Description

Negociación y Redacción de Arrendamientos de Oficinas The Harris Texas Attornment Provision in a Sublease refers to a legal clause that outlines the relationship between the subtenant and the sublandlord in the state of Texas. It specifically addresses the issue of attornment, which is the act of recognizing and accepting a new landlord when the property is sold or ownership is transferred. In a sublease, the attornment provision is crucial as it clarifies the obligations and rights of the subtenant in the event of a change in ownership. This provision typically requires the subtenant to recognize and attorn to the new landlord, effectively continuing the sublease under the new ownership. It ensures continuity of the lease agreement and prevents any disruption in the subtenant's occupancy. There are different types of attornment provisions that can be found in Harris Texas subleases. Some of these include: 1. Express Attornment Provision: This is the most common type and explicitly states the subtenant's obligation to attorn to the new landlord in the event of a transfer of ownership. It usually specifies the conditions and procedures for attornment. 2. Automatic Attornment Provision: This provision automatically triggers the subtenant's attornment to the new landlord without requiring any additional action or consent. It provides a seamless transition in the event of a change in ownership. 3. Conditional Attornment Provision: This type of provision requires the subtenant to attorn to the new landlord only if certain conditions are met. For example, the subtenant may be required to attorn only if the new landlord agrees to honor the terms of the existing sublease. 4. Limited Attornment Provision: In this provision, the subtenant's obligation to attorn is limited to specific situations, such as a foreclosure. It may specify that the subtenant is not required to attorn to a new landlord in other instances, providing some protection to the subtenant. The inclusion of a Harris Texas Attornment Provision in a Sublease is essential for both subtenants and sublandlords to protect their interests and ensure a smooth transition in the event of a change in ownership. It provides legal clarity and establishes the rights and obligations of each party involved in the sublease agreement.

The Harris Texas Attornment Provision in a Sublease refers to a legal clause that outlines the relationship between the subtenant and the sublandlord in the state of Texas. It specifically addresses the issue of attornment, which is the act of recognizing and accepting a new landlord when the property is sold or ownership is transferred. In a sublease, the attornment provision is crucial as it clarifies the obligations and rights of the subtenant in the event of a change in ownership. This provision typically requires the subtenant to recognize and attorn to the new landlord, effectively continuing the sublease under the new ownership. It ensures continuity of the lease agreement and prevents any disruption in the subtenant's occupancy. There are different types of attornment provisions that can be found in Harris Texas subleases. Some of these include: 1. Express Attornment Provision: This is the most common type and explicitly states the subtenant's obligation to attorn to the new landlord in the event of a transfer of ownership. It usually specifies the conditions and procedures for attornment. 2. Automatic Attornment Provision: This provision automatically triggers the subtenant's attornment to the new landlord without requiring any additional action or consent. It provides a seamless transition in the event of a change in ownership. 3. Conditional Attornment Provision: This type of provision requires the subtenant to attorn to the new landlord only if certain conditions are met. For example, the subtenant may be required to attorn only if the new landlord agrees to honor the terms of the existing sublease. 4. Limited Attornment Provision: In this provision, the subtenant's obligation to attorn is limited to specific situations, such as a foreclosure. It may specify that the subtenant is not required to attorn to a new landlord in other instances, providing some protection to the subtenant. The inclusion of a Harris Texas Attornment Provision in a Sublease is essential for both subtenants and sublandlords to protect their interests and ensure a smooth transition in the event of a change in ownership. It provides legal clarity and establishes the rights and obligations of each party involved in the sublease agreement.

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.