Arizona Attornment Agreement between Lessor and Sublessee of Lessee

• Category: Landlord Tenant - Subordination
• State: Multi-State
• Control #: US-0187BG
• Format: Word; Rich Text

Description

This form is an attornment agreement between lessor and sublessee of lease. An Arizona Attornment Agreement between a lessor and sublessee of lessee is a legal document that outlines the rights, responsibilities, and obligations of the parties involved in a subleasing arrangement in the state of Arizona. It serves to protect the interests of both the lessor (original landlord) and sublessee (tenant subleasing the property). The Arizona Attornment Agreement is typically used when a tenant wants to sublease their leased property to another party, known as the sublessee. The agreement ensures that the lessor's consent is obtained before any subleasing takes place, and it establishes a direct relationship between the lessor and sublessee, known as attornment. This agreement is important as it allows the lessor to have control over who occupies the property and ensures that the sublessee is aware of and agrees to abide by the terms and conditions set forth by the original lease. It also provides legal protection for all parties involved. Key elements typically included in an Arizona Attornment Agreement: 1. Parties involved: The agreement identifies the lessor, sublessee, and lessee (the original tenant). 2. Consent: The lessor's consent to the subleasing arrangement is explicitly stated to avoid any breach of the original lease. 3. Terms and conditions: The agreement specifies the duration of the sublease, rent payment terms, maintenance responsibilities, and any other conditions outlined in the original lease that are relevant to the sublessee. 4. Indemnification: The sublessee may be required to indemnify and hold harmless the lessor from any liabilities arising from the subleasing arrangement. 5. Termination: The agreement includes provisions for early termination by either party, including notice periods and potential penalties. Types of Arizona Attornment Agreements may include: 1. Commercial Attornment Agreement: Used when a commercial property, such as a retail store or office space, is being subleased. 2. Residential Attornment Agreement: Applicable when a residential property, such as a house or apartment, is being subleased. 3. Short-term Attornment Agreement: Used for subleases with a shorter duration, typically less than a year. 4. Long-term Attornment Agreement: Pertains to subleases with a more extended duration, typically exceeding a year. 5. Assignment Attornment Agreement: Different from a sublease, an assignment involves transferring all lease rights and obligations from the original lessee to a new tenant. This type of attornment agreement may be used in such cases. It is important for all parties involved in an Arizona Attornment Agreement to carefully review and understand the terms before signing. Seeking legal advice is highly recommended ensuring compliance with Arizona's laws and regulations governing subleasing.

An Arizona Attornment Agreement between a lessor and sublessee of lessee is a legal document that outlines the rights, responsibilities, and obligations of the parties involved in a subleasing arrangement in the state of Arizona. It serves to protect the interests of both the lessor (original landlord) and sublessee (tenant subleasing the property). The Arizona Attornment Agreement is typically used when a tenant wants to sublease their leased property to another party, known as the sublessee. The agreement ensures that the lessor's consent is obtained before any subleasing takes place, and it establishes a direct relationship between the lessor and sublessee, known as attornment. This agreement is important as it allows the lessor to have control over who occupies the property and ensures that the sublessee is aware of and agrees to abide by the terms and conditions set forth by the original lease. It also provides legal protection for all parties involved. Key elements typically included in an Arizona Attornment Agreement: 1. Parties involved: The agreement identifies the lessor, sublessee, and lessee (the original tenant). 2. Consent: The lessor's consent to the subleasing arrangement is explicitly stated to avoid any breach of the original lease. 3. Terms and conditions: The agreement specifies the duration of the sublease, rent payment terms, maintenance responsibilities, and any other conditions outlined in the original lease that are relevant to the sublessee. 4. Indemnification: The sublessee may be required to indemnify and hold harmless the lessor from any liabilities arising from the subleasing arrangement. 5. Termination: The agreement includes provisions for early termination by either party, including notice periods and potential penalties. Types of Arizona Attornment Agreements may include: 1. Commercial Attornment Agreement: Used when a commercial property, such as a retail store or office space, is being subleased. 2. Residential Attornment Agreement: Applicable when a residential property, such as a house or apartment, is being subleased. 3. Short-term Attornment Agreement: Used for subleases with a shorter duration, typically less than a year. 4. Long-term Attornment Agreement: Pertains to subleases with a more extended duration, typically exceeding a year. 5. Assignment Attornment Agreement: Different from a sublease, an assignment involves transferring all lease rights and obligations from the original lessee to a new tenant. This type of attornment agreement may be used in such cases. It is important for all parties involved in an Arizona Attornment Agreement to carefully review and understand the terms before signing. Seeking legal advice is highly recommended ensuring compliance with Arizona's laws and regulations governing subleasing.