A Florida Attornment Agreement is a binding legal document that establishes a relationship between the lessor (original landlord) and the sublessee (tenant of the tenant) in the event of a lease assignment or sublease. This agreement ensures that the sublessee recognizes the lessor as the new landlord and agrees to uphold the terms and conditions of the original lease. In Florida, there are different types of Attornment Agreements that can be utilized depending on the specific circumstances: 1. Commercial Attornment Agreement: This type of agreement is commonly used in commercial real estate leases. It outlines the rights and responsibilities of the sublessee after the property owner (lessor) assigns the lease to a new tenant. 2. Residential Attornment Agreement: This agreement is applicable to subleases within the residential real estate sector. It serves to formalize the relationship between the sublessee and the lessor when the original tenant transfers their lease to another person. 3. Attornment Agreement in the Context of Bankruptcy: In the unfortunate event of the lessor declaring bankruptcy, this type of attornment agreement ensures that the sublessee recognizes the authority of any court-appointed trustee or successor to the lease. It establishes the rights and obligations of both parties going forward. 4. Attornment Agreement with Non-Disturbance Provision: In situations where the sublessee wants to protect their rights in case of a default by the original tenant, a non-disturbance provision may be added to the attornment agreement. This clause assures the sublessee that the lessor will not disturb the sublease and will recognize their tenancy even if the original lease is terminated. In essence, a Florida Attornment Agreement between the lessor and sublessee of the lessee acts as a legal safeguard to ensure smooth transitions, protect the rights of all parties involved, and maintain the continuity of the lease arrangement.
Florida Attornment Agreement between Lessor and Sublessee of Lessee
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