Los Angeles California Disposición de pago en un subarrendamiento - Attornment Provision in a Sublease

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

Description

Negociación y Redacción de Arrendamientos de Oficinas The Los Angeles California Attornment Provision in a Sublease is an important legal concept that comes into play when a sublease agreement is established within the city. This provision ensures that in the event of a default by the original tenant or the master lease being terminated, the subtenant agrees to recognize and accept the new landlord as their direct landlord, effectively attorning to them. The purpose of including an Attornment Provision in a sublease is to protect the rights and interests of both the subtenant and the new landlord. It establishes a direct relationship between the two parties and ensures that the subtenant continues to pay rent and follow the terms of the lease even if the original tenant fails to do so. There are different types of Los Angeles California Attornment Provisions in a Sublease, each addressing specific scenarios and circumstances. Some main types include: 1. Non-Disturbance Attornment Provision: This type of provision ensures that the subtenant's rights will not be disturbed or terminated by the new landlord in case of a default or termination of the master lease. It provides the subtenant with some level of security and assurance that their lease will be honored. 2. Automatic Attornment Provision: An automatic attornment provision stipulates that in the event of a default or termination of the master lease, the subtenant automatically recognizes and accepts the new landlord as their direct landlord without requiring any further actions or agreements. 3. Conditional Attornment Provision: A conditional attornment provision specifies certain conditions that must be met for the subtenant to attorn to the new landlord. This may include obtaining consent from the subtenant or ensuring that the new landlord agrees to honor the terms of the existing sublease. 4. Limited Attornment Provision: A limited attornment provision restricts the subtenant's obligation to attorn to only certain circumstances, such as a change in ownership or control of the property. It may exclude situations where the original tenant is in default of the lease. In Los Angeles, California, it is crucial for both subtenants and landlords to understand and include clear and comprehensive Attornment Provisions in sublease agreements to protect their respective interests. Consulting with a legal professional familiar with local laws and regulations is recommended to ensure the provision accurately reflects the desired outcomes and complies with the applicable legal framework.

The Los Angeles California Attornment Provision in a Sublease is an important legal concept that comes into play when a sublease agreement is established within the city. This provision ensures that in the event of a default by the original tenant or the master lease being terminated, the subtenant agrees to recognize and accept the new landlord as their direct landlord, effectively attorning to them. The purpose of including an Attornment Provision in a sublease is to protect the rights and interests of both the subtenant and the new landlord. It establishes a direct relationship between the two parties and ensures that the subtenant continues to pay rent and follow the terms of the lease even if the original tenant fails to do so. There are different types of Los Angeles California Attornment Provisions in a Sublease, each addressing specific scenarios and circumstances. Some main types include: 1. Non-Disturbance Attornment Provision: This type of provision ensures that the subtenant's rights will not be disturbed or terminated by the new landlord in case of a default or termination of the master lease. It provides the subtenant with some level of security and assurance that their lease will be honored. 2. Automatic Attornment Provision: An automatic attornment provision stipulates that in the event of a default or termination of the master lease, the subtenant automatically recognizes and accepts the new landlord as their direct landlord without requiring any further actions or agreements. 3. Conditional Attornment Provision: A conditional attornment provision specifies certain conditions that must be met for the subtenant to attorn to the new landlord. This may include obtaining consent from the subtenant or ensuring that the new landlord agrees to honor the terms of the existing sublease. 4. Limited Attornment Provision: A limited attornment provision restricts the subtenant's obligation to attorn to only certain circumstances, such as a change in ownership or control of the property. It may exclude situations where the original tenant is in default of the lease. In Los Angeles, California, it is crucial for both subtenants and landlords to understand and include clear and comprehensive Attornment Provisions in sublease agreements to protect their respective interests. Consulting with a legal professional familiar with local laws and regulations is recommended to ensure the provision accurately reflects the desired outcomes and complies with the applicable legal framework.

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.