Salt Lake Utah Disposición de pago en un subarrendamiento - Attornment Provision in a Sublease

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

Description

Negociación y Redacción de Arrendamientos de Oficinas The Salt Lake City Attornment Provision in a Sublease is an important legal agreement that defines the relationship between a subtenant and a landlord in the city of Salt Lake, Utah. This provision ensures that the subtenant acknowledges and agrees to recognize a new landlord if the original landlord's interest in the property is transferred, typically through a sale or foreclosure. In the event of such transfer, the Attornment Provision requires the subtenant to "attorn" to the new landlord, meaning they must accept the new landlord as their direct landlord and continue their tenancy under the terms and conditions of the original lease agreement. Keywords: Salt Lake City, Utah, Attornment Provision, Sublease, subtenant, landlord, property, transfer, sale, foreclosure, tenancy, lease agreement. There are two main types of Salt Lake City Attornment Provisions in a Sublease: 1. Conditional Attornment Provision: This type of provision requires the subtenant to attorn to a new landlord only if certain conditions are met, such as the completion of a sale or foreclosure process. If these conditions are not fulfilled, the subtenant may continue to recognize the original landlord as their direct landlord. 2. Absolute Attornment Provision: In contrast to the conditional provision, the absolute attornment provision obligates the subtenant to attorn to any new landlord, regardless of the circumstances. Regardless of a sale, foreclosure, or any other circumstance, the subtenant must accept the new landlord as their direct landlord and continue their tenancy. These Attornment Provisions are crucial in protecting the rights and interests of both the subtenant and the new landlord. It ensures a smooth transition of ownership or tenancy in the event of property transfer, preventing any disputes or confusion between the parties involved. Keywords: Conditional Attornment Provision, Absolute Attornment Provision, property transfer, ownership, tenancy, disputes, confusion.

The Salt Lake City Attornment Provision in a Sublease is an important legal agreement that defines the relationship between a subtenant and a landlord in the city of Salt Lake, Utah. This provision ensures that the subtenant acknowledges and agrees to recognize a new landlord if the original landlord's interest in the property is transferred, typically through a sale or foreclosure. In the event of such transfer, the Attornment Provision requires the subtenant to "attorn" to the new landlord, meaning they must accept the new landlord as their direct landlord and continue their tenancy under the terms and conditions of the original lease agreement. Keywords: Salt Lake City, Utah, Attornment Provision, Sublease, subtenant, landlord, property, transfer, sale, foreclosure, tenancy, lease agreement. There are two main types of Salt Lake City Attornment Provisions in a Sublease: 1. Conditional Attornment Provision: This type of provision requires the subtenant to attorn to a new landlord only if certain conditions are met, such as the completion of a sale or foreclosure process. If these conditions are not fulfilled, the subtenant may continue to recognize the original landlord as their direct landlord. 2. Absolute Attornment Provision: In contrast to the conditional provision, the absolute attornment provision obligates the subtenant to attorn to any new landlord, regardless of the circumstances. Regardless of a sale, foreclosure, or any other circumstance, the subtenant must accept the new landlord as their direct landlord and continue their tenancy. These Attornment Provisions are crucial in protecting the rights and interests of both the subtenant and the new landlord. It ensures a smooth transition of ownership or tenancy in the event of property transfer, preventing any disputes or confusion between the parties involved. Keywords: Conditional Attornment Provision, Absolute Attornment Provision, property transfer, ownership, tenancy, disputes, confusion.

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.