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.
Maine Nondisturbance and Attornment Agreement with Landlord is a legal document that protects the rights and interests of a tenant in the event of a property foreclosure or change in ownership. This agreement ensures that the tenant's lease will remain valid and enforceable even if the landlord faces foreclosure or sells the property to a new owner. A Maine Nondisturbance and Attornment Agreement generally includes the following key components: 1. Protection of Lease: This agreement stipulates that the tenant's lease will not be affected by any change in ownership. It guarantees that the new landlord will honor the terms and conditions of the existing lease, and the tenant's rights and obligations under the lease agreement will remain intact. 2. Non-Disturbance Clause: The agreement ensures that the tenant's possession of the premises will not be disturbed in case of a foreclosure or transfer of ownership. It prevents the new owner from evicting the tenant or terminating the lease solely because of the change in ownership. 3. Subordination Clause: The subordination clause states that the tenant's lease will be subordinate to any mortgage or security interest held by the lender or the new owner. This means that the tenant's lease will be deemed inferior to the rights of the lender or new owner in the event of foreclosure or default. 4. Attornment Clause: The attornment clause requires the tenant to recognize the new owner as the landlord and continue paying rent and fulfilling the lease obligations to the new owner. It establishes a legal relationship between the tenant and the new owner, ensuring the continuity of the lease. Maine may have various types of Nondisturbance and Attornment Agreements depending on the specific situation and parties involved. Some possible variations could include: 1. Tenant Nondisturbance Agreement: This type of agreement is entered into between the tenant and the lender, ensuring that the tenant's lease remains intact in case of foreclosure. It provides the tenant with assurance that the lender will not terminate the lease or disrupt their occupancy rights. 2. Subordination and Attornment Agreement: This agreement is typically between the tenant, the lender, and the new landlord. It combines the subordination clause, wherein the tenant agrees to subordinate their lease to the lender's rights, and the attornment clause, wherein the tenant agrees to recognize the new owner as the landlord. In conclusion, a Maine Nondisturbance and Attornment Agreement with Landlord serves as a crucial safeguard for tenants in the landlord-tenant relationship. It protects the tenant's lease and occupancy rights, ensuring continuity and stability even in the face of property ownership changes or foreclosure.Maine Nondisturbance and Attornment Agreement with Landlord is a legal document that protects the rights and interests of a tenant in the event of a property foreclosure or change in ownership. This agreement ensures that the tenant's lease will remain valid and enforceable even if the landlord faces foreclosure or sells the property to a new owner. A Maine Nondisturbance and Attornment Agreement generally includes the following key components: 1. Protection of Lease: This agreement stipulates that the tenant's lease will not be affected by any change in ownership. It guarantees that the new landlord will honor the terms and conditions of the existing lease, and the tenant's rights and obligations under the lease agreement will remain intact. 2. Non-Disturbance Clause: The agreement ensures that the tenant's possession of the premises will not be disturbed in case of a foreclosure or transfer of ownership. It prevents the new owner from evicting the tenant or terminating the lease solely because of the change in ownership. 3. Subordination Clause: The subordination clause states that the tenant's lease will be subordinate to any mortgage or security interest held by the lender or the new owner. This means that the tenant's lease will be deemed inferior to the rights of the lender or new owner in the event of foreclosure or default. 4. Attornment Clause: The attornment clause requires the tenant to recognize the new owner as the landlord and continue paying rent and fulfilling the lease obligations to the new owner. It establishes a legal relationship between the tenant and the new owner, ensuring the continuity of the lease. Maine may have various types of Nondisturbance and Attornment Agreements depending on the specific situation and parties involved. Some possible variations could include: 1. Tenant Nondisturbance Agreement: This type of agreement is entered into between the tenant and the lender, ensuring that the tenant's lease remains intact in case of foreclosure. It provides the tenant with assurance that the lender will not terminate the lease or disrupt their occupancy rights. 2. Subordination and Attornment Agreement: This agreement is typically between the tenant, the lender, and the new landlord. It combines the subordination clause, wherein the tenant agrees to subordinate their lease to the lender's rights, and the attornment clause, wherein the tenant agrees to recognize the new owner as the landlord. In conclusion, a Maine Nondisturbance and Attornment Agreement with Landlord serves as a crucial safeguard for tenants in the landlord-tenant relationship. It protects the tenant's lease and occupancy rights, ensuring continuity and stability even in the face of property ownership changes or foreclosure.
