Queens New York Disposición de pago en un subarrendamiento - Attornment Provision in a Sublease

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

Description

Negociación y Redacción de Arrendamientos de Oficinas What is Queens New York Attornment Provision in a Sublease: Explained in Detail The Queens New York Attornment Provision in a Sublease is a clause that is commonly included in sublease agreements in Queens, New York. It is a provision that establishes the relationship between the subtenant and the landlord in the event that the master lease between the landlord and the original tenant is terminated or the landlord changes. This provision serves as a protection for both the subtenant and the landlord to ensure a smooth transition and continued tenancy. The Attornment Provision essentially requires the subtenant to recognize and acknowledge the landlord as the new landlord and to continue paying rent and fulfilling all the obligations under the sublease agreement even if there is a change in the ownership or management of the property. This provision is especially crucial in cases where the original tenant default on their obligations or the landlord decides to sell the property. There are different types of Queens New York Attornment Provisions that may be included in a sublease agreement, depending on the specific circumstances and negotiations between the parties involved. These may include: 1. Absolute Attornment: With this type of provision, the subtenant is required to directly attorn to the new landlord, regardless of any defaults or breaches by the original tenant. It means that the subtenant recognizes the new landlord as their landlord and agrees to assume all the obligations and rights as stated in the sublease. 2. Conditional Attornment: In this type of provision, the subtenant's attornment to the new landlord is conditioned upon the original tenant's default or breach of the master lease. If the original tenant fails to fulfill their obligations, the subtenant is obligated to recognize and attorn to the new landlord. 3. Subordination: The subordination provision is linked to the attornment provision and may be included in a sublease agreement. It establishes that the subtenant's sublease will be subordinate to the master lease between the landlord and the original tenant. In case of termination of the master lease, the subtenant's rights may be affected. 4. Non-Disturbance: This provision is often sought by subtenants and can be included in a sublease agreement. It guarantees that if the master lease is terminated or the landlord changes, the subtenant's rights will be protected, and they will not be disturbed or evicted, as long as they are in compliance with the sublease agreement. In conclusion, the Queens New York Attornment Provision in a Sublease helps to maintain the stability of a subtenant's tenancy, even if there are changes in the master lease or the ownership of the property. It ensures a smooth transition and provides rights and protections to both the subtenant and the landlord. The specific type of attornment provision included in a sublease will depend on the negotiations and agreements between the parties involved.

What is Queens New York Attornment Provision in a Sublease: Explained in Detail The Queens New York Attornment Provision in a Sublease is a clause that is commonly included in sublease agreements in Queens, New York. It is a provision that establishes the relationship between the subtenant and the landlord in the event that the master lease between the landlord and the original tenant is terminated or the landlord changes. This provision serves as a protection for both the subtenant and the landlord to ensure a smooth transition and continued tenancy. The Attornment Provision essentially requires the subtenant to recognize and acknowledge the landlord as the new landlord and to continue paying rent and fulfilling all the obligations under the sublease agreement even if there is a change in the ownership or management of the property. This provision is especially crucial in cases where the original tenant default on their obligations or the landlord decides to sell the property. There are different types of Queens New York Attornment Provisions that may be included in a sublease agreement, depending on the specific circumstances and negotiations between the parties involved. These may include: 1. Absolute Attornment: With this type of provision, the subtenant is required to directly attorn to the new landlord, regardless of any defaults or breaches by the original tenant. It means that the subtenant recognizes the new landlord as their landlord and agrees to assume all the obligations and rights as stated in the sublease. 2. Conditional Attornment: In this type of provision, the subtenant's attornment to the new landlord is conditioned upon the original tenant's default or breach of the master lease. If the original tenant fails to fulfill their obligations, the subtenant is obligated to recognize and attorn to the new landlord. 3. Subordination: The subordination provision is linked to the attornment provision and may be included in a sublease agreement. It establishes that the subtenant's sublease will be subordinate to the master lease between the landlord and the original tenant. In case of termination of the master lease, the subtenant's rights may be affected. 4. Non-Disturbance: This provision is often sought by subtenants and can be included in a sublease agreement. It guarantees that if the master lease is terminated or the landlord changes, the subtenant's rights will be protected, and they will not be disturbed or evicted, as long as they are in compliance with the sublease agreement. In conclusion, the Queens New York Attornment Provision in a Sublease helps to maintain the stability of a subtenant's tenancy, even if there are changes in the master lease or the ownership of the property. It ensures a smooth transition and provides rights and protections to both the subtenant and the landlord. The specific type of attornment provision included in a sublease will depend on the negotiations and agreements between the parties involved.

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.