This office lease form shall be subject and subordinate to all present and future ground leases, overriding leases or underlying leases and/or grants of term of the Land and/or the building or the portion thereof in which the Demised Premises are located. This Section shall be self-operative and no further instrument of subordination shall be required. This form also states that the landlord and the tenant agree to share equally all costs incurred in connection with obtaining any Non-disturbance Agreement from the existing superior lessors or superior mortgagees.
The District of Columbia Nondisturbance Provision, also known as the Tenant-Friendly Nondisturbance Provision, is a legal provision included in lease agreements to protect the rights and interests of tenants in the District of Columbia. This provision ensures that tenants can continue to occupy and conduct business in leased premises, even if there is a change in ownership or mortgage foreclosure. In simple terms, the Nondisturbance Provision provides assurance to tenants that their lease will not be terminated or interfered with if the property they are leasing undergoes a change in ownership or foreclosure. This provision is particularly advantageous for tenants because it preserves their rights and minimizes disruptions to their businesses or residential arrangements. The District of Columbia Nondisturbance Provision — Tenant Friendly is enacted to safeguard tenants' interests in different situations: 1. Change in Ownership: If a property is sold or transferred to a new owner, the Tenant Friendly Nondisturbance Provision ensures that the new owner recognizes and honors the existing lease agreements. This provision prohibits the new owner from evicting the tenant or making significant changes to the lease terms without the tenant's consent. 2. Mortgage Foreclosure: In the unfortunate event of a mortgage foreclosure, the Tenant Friendly Nondisturbance Provision offers protection to tenants. It assures tenants that their lease will remain valid and unaffected, even if the property is foreclosed upon and transferred to a new owner. The new owner is legally obligated to honor the tenant's lease terms. The District of Columbia Nondisturbance Provision — Tenant Friendly acts as a safety net for tenants, guarding their rights when unexpected changes occur in the ownership or foreclosure of the property they occupy. It allows tenants to have peace of mind, knowing that their lease agreements will be upheld, and they can continue their operations without the fear of displacement or unfair lease modifications. Overall, the District of Columbia Nondisturbance Provision — Tenant Friendly serves as a vital protective measure for tenants in the face of ownership changes and mortgage foreclosures, promoting stability and security in the landlord-tenant relationship within the District of Columbia.The District of Columbia Nondisturbance Provision, also known as the Tenant-Friendly Nondisturbance Provision, is a legal provision included in lease agreements to protect the rights and interests of tenants in the District of Columbia. This provision ensures that tenants can continue to occupy and conduct business in leased premises, even if there is a change in ownership or mortgage foreclosure. In simple terms, the Nondisturbance Provision provides assurance to tenants that their lease will not be terminated or interfered with if the property they are leasing undergoes a change in ownership or foreclosure. This provision is particularly advantageous for tenants because it preserves their rights and minimizes disruptions to their businesses or residential arrangements. The District of Columbia Nondisturbance Provision — Tenant Friendly is enacted to safeguard tenants' interests in different situations: 1. Change in Ownership: If a property is sold or transferred to a new owner, the Tenant Friendly Nondisturbance Provision ensures that the new owner recognizes and honors the existing lease agreements. This provision prohibits the new owner from evicting the tenant or making significant changes to the lease terms without the tenant's consent. 2. Mortgage Foreclosure: In the unfortunate event of a mortgage foreclosure, the Tenant Friendly Nondisturbance Provision offers protection to tenants. It assures tenants that their lease will remain valid and unaffected, even if the property is foreclosed upon and transferred to a new owner. The new owner is legally obligated to honor the tenant's lease terms. The District of Columbia Nondisturbance Provision — Tenant Friendly acts as a safety net for tenants, guarding their rights when unexpected changes occur in the ownership or foreclosure of the property they occupy. It allows tenants to have peace of mind, knowing that their lease agreements will be upheld, and they can continue their operations without the fear of displacement or unfair lease modifications. Overall, the District of Columbia Nondisturbance Provision — Tenant Friendly serves as a vital protective measure for tenants in the face of ownership changes and mortgage foreclosures, promoting stability and security in the landlord-tenant relationship within the District of Columbia.
