This office lease form states that the landlord has entered into a certain agreement of lease with the tenant as sublessor. The tenant, as sublessor, has entered into a certain sublease agreement with the sublessee. In the event of termination of the lease, the sublessee agrees to attorn to and accept the landlord as its direct landlord under the lease for the balance then remaining of the term of the Lease, and the sublessee shall assume all of the terms and conditions of the Lease, except that sublessee shall have no liability for any defaults of Tenant prior to the date of attornment.
A Georgia Nondisturbance and Attornment Agreement (NCAA) with a landlord is a legal contract that provides protection and continuity for a tenant in the event of a change in ownership of the property they are leasing. This agreement ensures that the tenant's rights and lease terms remain intact even if the property is sold or the landlord's interest in the property changes. Keywords: Georgia Nondisturbance and Attornment Agreement, landlord, tenant, lease, ownership change, property, legal contract, protection, continuity, rights, lease terms, sold, interest. There are a few different types of Georgia Nondisturbance and Attornment Agreements that can be further categorized based on specific scenarios: 1. Basic Georgia Nondisturbance and Attornment Agreement: This type of agreement typically applies to commercial leases and provides assurance to the tenant that their lease will not be disturbed or terminated due to a change in ownership. 2. Georgia Nondisturbance and Attornment Agreement with Subordination: In some cases, a landlord might require the tenant to sign an agreement that subordinates their lease to any future mortgages or liens that the landlord may obtain. This type of agreement gives priority to the interests of the lender, thus affecting the tenant's rights in the event of foreclosure or default. 3. Georgia Nondisturbance and Attornment Agreement with Estoppel Certificate: In situations where a tenant is required to provide an estoppel certificate to the landlord or a potential buyer, this agreement ensures that the tenant's lease terms, rental payment history, and any other relevant information can be verified by the new owner or their lender. 4. Georgia Nondisturbance and Attornment Agreement for Lease Assignments/Subleases: If a tenant intends to assign their lease or sublease the property to another party, this agreement can be used to obtain the landlord's consent and guarantee the tenant's rights despite the change in occupants. 5. Georgia Nondisturbance and Attornment Agreement for Distressed Properties: In situations where a property is going through foreclosure or other financial difficulties, this agreement can be employed to safeguard the tenant's rights and ensure that their lease will remain enforceable and unaffected by any distressed property proceedings. It is important for both landlords and tenants in Georgia to understand the significance of a Nondisturbance and Attornment Agreement. This document protects the tenant's rights and provides assurances against sudden lease terminations or disruptions caused by changes in property ownership.A Georgia Nondisturbance and Attornment Agreement (NCAA) with a landlord is a legal contract that provides protection and continuity for a tenant in the event of a change in ownership of the property they are leasing. This agreement ensures that the tenant's rights and lease terms remain intact even if the property is sold or the landlord's interest in the property changes. Keywords: Georgia Nondisturbance and Attornment Agreement, landlord, tenant, lease, ownership change, property, legal contract, protection, continuity, rights, lease terms, sold, interest. There are a few different types of Georgia Nondisturbance and Attornment Agreements that can be further categorized based on specific scenarios: 1. Basic Georgia Nondisturbance and Attornment Agreement: This type of agreement typically applies to commercial leases and provides assurance to the tenant that their lease will not be disturbed or terminated due to a change in ownership. 2. Georgia Nondisturbance and Attornment Agreement with Subordination: In some cases, a landlord might require the tenant to sign an agreement that subordinates their lease to any future mortgages or liens that the landlord may obtain. This type of agreement gives priority to the interests of the lender, thus affecting the tenant's rights in the event of foreclosure or default. 3. Georgia Nondisturbance and Attornment Agreement with Estoppel Certificate: In situations where a tenant is required to provide an estoppel certificate to the landlord or a potential buyer, this agreement ensures that the tenant's lease terms, rental payment history, and any other relevant information can be verified by the new owner or their lender. 4. Georgia Nondisturbance and Attornment Agreement for Lease Assignments/Subleases: If a tenant intends to assign their lease or sublease the property to another party, this agreement can be used to obtain the landlord's consent and guarantee the tenant's rights despite the change in occupants. 5. Georgia Nondisturbance and Attornment Agreement for Distressed Properties: In situations where a property is going through foreclosure or other financial difficulties, this agreement can be employed to safeguard the tenant's rights and ensure that their lease will remain enforceable and unaffected by any distressed property proceedings. It is important for both landlords and tenants in Georgia to understand the significance of a Nondisturbance and Attornment Agreement. This document protects the tenant's rights and provides assurances against sudden lease terminations or disruptions caused by changes in property ownership.
