This office lease is extremely harsh on the subtenant and grants no non-disturbance rights or any other protections.
The Alaska Attornment Provision in a sublease is a legal clause establishing the tenant's recognition and acceptance of a new landlord in the event of a property sale or transfer. It ensures that the tenant will attorn, meaning they will acknowledge and adhere to the terms of the sublease with the new landlord. This provision is intended to protect the subtenant's rights and address the potential challenges that may arise due to changes in ownership. In Alaska, there are several types of Attornment Provisions that can be included in a sublease agreement: 1. General Attornment Provision: This type of provision simply requires the subtenant to recognize and attorn to the new landlord should the property be sold or transferred during the sublease term. It ensures a smooth transition of rights and obligations between new owners and the subtenant. 2. Limited Attornment Provision: This provision limits the scope of the tenant's attornment to certain specific circumstances, such as when the new landlord agrees to maintain the sublease terms unchanged or when the new landlord is a designated entity with whom the tenant has pre-existing agreements. 3. Attornment Provision with Termination Option: This variant allows the subtenant to terminate the sublease in the event of a change in ownership, providing them with an option to seek alternative premises if preferred. This clause may require specific conditions to be met for termination, such as the new landlord not agreeing to the sublease terms. 4. Partial Attornment Provision: In some cases, the sublease may contain a provision where the subtenant only attorns to specific provisions of the master lease or certain obligations of the landlord. This allows the subtenant to maintain their rights and obligations as agreed upon in the sublease agreement, rather than assuming all responsibilities of the master lease. It is crucial for both the sublandlord and subtenant to carefully consider the implications and select the most suitable Attornment Provision to include in the sublease. By having a well-drafted provision, all parties involved can ensure a smooth transition and the continued fulfillment of their rights and responsibilities, despite any change in the ownership of the property.The Alaska Attornment Provision in a sublease is a legal clause establishing the tenant's recognition and acceptance of a new landlord in the event of a property sale or transfer. It ensures that the tenant will attorn, meaning they will acknowledge and adhere to the terms of the sublease with the new landlord. This provision is intended to protect the subtenant's rights and address the potential challenges that may arise due to changes in ownership. In Alaska, there are several types of Attornment Provisions that can be included in a sublease agreement: 1. General Attornment Provision: This type of provision simply requires the subtenant to recognize and attorn to the new landlord should the property be sold or transferred during the sublease term. It ensures a smooth transition of rights and obligations between new owners and the subtenant. 2. Limited Attornment Provision: This provision limits the scope of the tenant's attornment to certain specific circumstances, such as when the new landlord agrees to maintain the sublease terms unchanged or when the new landlord is a designated entity with whom the tenant has pre-existing agreements. 3. Attornment Provision with Termination Option: This variant allows the subtenant to terminate the sublease in the event of a change in ownership, providing them with an option to seek alternative premises if preferred. This clause may require specific conditions to be met for termination, such as the new landlord not agreeing to the sublease terms. 4. Partial Attornment Provision: In some cases, the sublease may contain a provision where the subtenant only attorns to specific provisions of the master lease or certain obligations of the landlord. This allows the subtenant to maintain their rights and obligations as agreed upon in the sublease agreement, rather than assuming all responsibilities of the master lease. It is crucial for both the sublandlord and subtenant to carefully consider the implications and select the most suitable Attornment Provision to include in the sublease. By having a well-drafted provision, all parties involved can ensure a smooth transition and the continued fulfillment of their rights and responsibilities, despite any change in the ownership of the property.
