Michigan 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. A Michigan Attornment Agreement is a legal document that establishes a relationship between a lessor (original landlord) and a sublessee (tenant of the original lessee) in the state of Michigan. This agreement protects the rights and obligations of both parties and ensures a smooth transfer of the sublease from the original lessee to the sublessee. Here is a detailed description of what the Michigan Attornment Agreement entails. Keywords: Michigan, Attornment Agreement, Lessor, Sublessee, Lessee, sublease, rights, obligations. 1. Purpose and Scope: The Michigan Attornment Agreement between the lessor and sublessee of lessee is designed to legally recognize the sublessee as the new occupant of the premises upon the consent of the lessor. It outlines the responsibilities and rights of both parties involved in the subleasing arrangement. 2. Parties Involved: The Attornment Agreement involves three parties: a) Lessor: The original landlord or lessor who leases the property to the lessee. b) Lessee: The original tenant who is subleasing the property to the sublessee. c) Sublessee: The new tenant who will occupy the property after the attornment. 3. Transfer of Sublease: The Michigan Attornment Agreement serves as a formal acknowledgement from the lessor that they recognize the sublessee as the new tenant — formally entering into a lease agreement with the sublessee. It assures the sublessee that their occupancy is lawful and protected by the original lease terms. 4. Lessor Obligations: The Attornment Agreement specifies the responsibilities of the lessor in terms of financial obligations, maintenance, repair, and provision of services mentioned in the original lease. The lessor assures the sublessee that they will honor the terms of the lease and uphold their obligations. 5. Sublessee Rights and Obligations: The Attornment Agreement details the rights and obligations of the sublessee agreed upon by both parties. It clarifies their responsibilities, including payment of rent, maintenance of the property, and adherence to the original lease terms. 6. Duration and Termination: The Agreement outlines the duration of the sublease and specifies the conditions under which either party can terminate the sublease. It may include provisions for notice periods, penalty clauses, and circumstances where termination is allowed. 7. Types of Michigan Attornment Agreements: There might be various types of Attornment Agreements in Michigan depending on the specific circumstances. Some common variations include: a) Residential Attornment Agreement: Used for residential subleasing arrangements. b) Commercial Attornment Agreement: Applicable to sublease arrangements for commercial properties. c) Assumption Attornment Agreement: Created when a new landlord or lessor assumes the obligations of the original lessor in a subleasing scenario. In conclusion, the Michigan Attornment Agreement between a lessor and sublessee of lessee is a crucial legal document that facilitates the transfer of a sublease, protecting the interests of all parties involved. It establishes the rights and obligations of both the lessor and sublessee and ensures a smooth transition of tenancy.

A Michigan Attornment Agreement is a legal document that establishes a relationship between a lessor (original landlord) and a sublessee (tenant of the original lessee) in the state of Michigan. This agreement protects the rights and obligations of both parties and ensures a smooth transfer of the sublease from the original lessee to the sublessee. Here is a detailed description of what the Michigan Attornment Agreement entails. Keywords: Michigan, Attornment Agreement, Lessor, Sublessee, Lessee, sublease, rights, obligations. 1. Purpose and Scope: The Michigan Attornment Agreement between the lessor and sublessee of lessee is designed to legally recognize the sublessee as the new occupant of the premises upon the consent of the lessor. It outlines the responsibilities and rights of both parties involved in the subleasing arrangement. 2. Parties Involved: The Attornment Agreement involves three parties: a) Lessor: The original landlord or lessor who leases the property to the lessee. b) Lessee: The original tenant who is subleasing the property to the sublessee. c) Sublessee: The new tenant who will occupy the property after the attornment. 3. Transfer of Sublease: The Michigan Attornment Agreement serves as a formal acknowledgement from the lessor that they recognize the sublessee as the new tenant — formally entering into a lease agreement with the sublessee. It assures the sublessee that their occupancy is lawful and protected by the original lease terms. 4. Lessor Obligations: The Attornment Agreement specifies the responsibilities of the lessor in terms of financial obligations, maintenance, repair, and provision of services mentioned in the original lease. The lessor assures the sublessee that they will honor the terms of the lease and uphold their obligations. 5. Sublessee Rights and Obligations: The Attornment Agreement details the rights and obligations of the sublessee agreed upon by both parties. It clarifies their responsibilities, including payment of rent, maintenance of the property, and adherence to the original lease terms. 6. Duration and Termination: The Agreement outlines the duration of the sublease and specifies the conditions under which either party can terminate the sublease. It may include provisions for notice periods, penalty clauses, and circumstances where termination is allowed. 7. Types of Michigan Attornment Agreements: There might be various types of Attornment Agreements in Michigan depending on the specific circumstances. Some common variations include: a) Residential Attornment Agreement: Used for residential subleasing arrangements. b) Commercial Attornment Agreement: Applicable to sublease arrangements for commercial properties. c) Assumption Attornment Agreement: Created when a new landlord or lessor assumes the obligations of the original lessor in a subleasing scenario. In conclusion, the Michigan Attornment Agreement between a lessor and sublessee of lessee is a crucial legal document that facilitates the transfer of a sublease, protecting the interests of all parties involved. It establishes the rights and obligations of both the lessor and sublessee and ensures a smooth transition of tenancy.