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

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

Description

Negociación y Redacción de Arrendamientos de Oficinas Suffolk New York is a county located on the eastern part of Long Island, within the state of New York. Known for its picturesque landscapes, vibrant coastal communities, and rich history, Suffolk County attracts residents and tourists alike. When it comes to real estate, especially pertaining to commercial leasing agreements, understanding the Suffolk New York Attornment Provision in a sublease is essential. The Attornment Provision in a Sublease refers to a clause within a commercial sublease agreement that addresses the tenant's agreement to recognize and uphold any changes in ownership or control of the property. This provision typically serves as a safeguard for both the landlord and subtenant should the property undergo a change in ownership, transfer, or foreclosure. There are several types of Suffolk New York Attornment Provisions in a Sublease that may vary depending on the specific circumstances outlined in the agreement: 1. Basic Attornment Provision — This is the most common type of attornment provision, stating that the subtenant shall recognize and attorn to any new landlord or owner that acquires the property. It ensures continuity in the leasing relationship, protecting the interests of both parties involved. 2. Non-Disturbance Attornment Provision — In certain cases, subtenants may request a non-disturbance attornment provision. This provision assures the subtenant that, in the event of the landlord's default or foreclosure, the subtenant's rights will not be adversely affected. It ensures the subtenant's lease will remain valid and continues unaffected by any foreclosure proceedings. 3. Partial Attornment Provision — This type of provision applies when only a portion of the property is subleased rather than the entire premises. It specifies which parts of the subleased premises are subject to attornment, ensuring clarity regarding the subtenant's responsibilities in case of a change in ownership. 4. Limited Attornment Provision — In some cases, a subtenant may request a limited attornment provision. This provision restricts the subtenant's obligation to attorn only to specific named parties or entities, excluding others. This type of provision provides the subtenant more control and security in case of changes in ownership. Overall, Suffolk New York Attornment Provision in a Sublease is a critical aspect of commercial leasing agreements. It protects both the landlord and subtenant by establishing a framework for seamless transitions in ownership or control of the property. Subtenants must carefully review and negotiate the attornment provision, ensuring their rights and interests are adequately safeguarded in the event of unforeseen circumstances.

Suffolk New York is a county located on the eastern part of Long Island, within the state of New York. Known for its picturesque landscapes, vibrant coastal communities, and rich history, Suffolk County attracts residents and tourists alike. When it comes to real estate, especially pertaining to commercial leasing agreements, understanding the Suffolk New York Attornment Provision in a sublease is essential. The Attornment Provision in a Sublease refers to a clause within a commercial sublease agreement that addresses the tenant's agreement to recognize and uphold any changes in ownership or control of the property. This provision typically serves as a safeguard for both the landlord and subtenant should the property undergo a change in ownership, transfer, or foreclosure. There are several types of Suffolk New York Attornment Provisions in a Sublease that may vary depending on the specific circumstances outlined in the agreement: 1. Basic Attornment Provision — This is the most common type of attornment provision, stating that the subtenant shall recognize and attorn to any new landlord or owner that acquires the property. It ensures continuity in the leasing relationship, protecting the interests of both parties involved. 2. Non-Disturbance Attornment Provision — In certain cases, subtenants may request a non-disturbance attornment provision. This provision assures the subtenant that, in the event of the landlord's default or foreclosure, the subtenant's rights will not be adversely affected. It ensures the subtenant's lease will remain valid and continues unaffected by any foreclosure proceedings. 3. Partial Attornment Provision — This type of provision applies when only a portion of the property is subleased rather than the entire premises. It specifies which parts of the subleased premises are subject to attornment, ensuring clarity regarding the subtenant's responsibilities in case of a change in ownership. 4. Limited Attornment Provision — In some cases, a subtenant may request a limited attornment provision. This provision restricts the subtenant's obligation to attorn only to specific named parties or entities, excluding others. This type of provision provides the subtenant more control and security in case of changes in ownership. Overall, Suffolk New York Attornment Provision in a Sublease is a critical aspect of commercial leasing agreements. It protects both the landlord and subtenant by establishing a framework for seamless transitions in ownership or control of the property. Subtenants must carefully review and negotiate the attornment provision, ensuring their rights and interests are adequately safeguarded in the event of unforeseen circumstances.

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.