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 Missouri Nondisturbance and Attornment Agreement with the landlord is a legal contract that aims to protect the rights and interests of a tenant in the event of a foreclosure on the property they are renting. Specifically, it ensures that the tenant's lease agreement remains valid and enforceable even if the property is foreclosed upon by the landlord's lender or a third party. This type of agreement is particularly important for tenants as it prevents them from being abruptly evicted or having their lease terminated if the property changes ownership due to foreclosure. It offers security and continuity to tenants by allowing them to continue occupying the premises and abiding by the existing lease terms. A Nondisturbance and Attornment Agreement typically contains several key provisions: 1. Nondisturbance Clause: This clause ensures that the tenant's lease will not be disturbed or terminated in the event of a foreclosure. As long as the tenant is not in breach of the lease terms, they have the right to remain on the property and enjoy the same rights and benefits as before the foreclosure. 2. Attornment Clause: This clause requires the tenant to recognize and accept the new owner or lender as their landlord in the event of a foreclosure. It obligates the tenant to attorn to the new landlord and continue paying rent and performing their lease obligations with the new owner. 3. Lease Continuation: The agreement specifies that all the terms and conditions in the original lease will remain in force and effect following a foreclosure. This ensures that the tenant's rights, responsibilities, and lease provisions remain unchanged, providing them with stability and security. It is important to note that there are no specific types of Nondisturbance and Attornment Agreements tailored exclusively for Missouri. The agreement's purpose and provisions remain consistent across different states, aimed at protecting the tenant's rights in the event of foreclosure. In summary, a Missouri Nondisturbance and Attornment Agreement with the landlord is a crucial legal document that safeguards the tenant's lease rights in the context of foreclosure. It allows tenants to remain in the property, continue their lease obligations, and maintain stability amidst changing ownership. By entering into such an agreement, tenants can ensure their lease remains intact throughout the foreclosure process, providing peace of mind and protecting their rights as occupants.A Missouri Nondisturbance and Attornment Agreement with the landlord is a legal contract that aims to protect the rights and interests of a tenant in the event of a foreclosure on the property they are renting. Specifically, it ensures that the tenant's lease agreement remains valid and enforceable even if the property is foreclosed upon by the landlord's lender or a third party. This type of agreement is particularly important for tenants as it prevents them from being abruptly evicted or having their lease terminated if the property changes ownership due to foreclosure. It offers security and continuity to tenants by allowing them to continue occupying the premises and abiding by the existing lease terms. A Nondisturbance and Attornment Agreement typically contains several key provisions: 1. Nondisturbance Clause: This clause ensures that the tenant's lease will not be disturbed or terminated in the event of a foreclosure. As long as the tenant is not in breach of the lease terms, they have the right to remain on the property and enjoy the same rights and benefits as before the foreclosure. 2. Attornment Clause: This clause requires the tenant to recognize and accept the new owner or lender as their landlord in the event of a foreclosure. It obligates the tenant to attorn to the new landlord and continue paying rent and performing their lease obligations with the new owner. 3. Lease Continuation: The agreement specifies that all the terms and conditions in the original lease will remain in force and effect following a foreclosure. This ensures that the tenant's rights, responsibilities, and lease provisions remain unchanged, providing them with stability and security. It is important to note that there are no specific types of Nondisturbance and Attornment Agreements tailored exclusively for Missouri. The agreement's purpose and provisions remain consistent across different states, aimed at protecting the tenant's rights in the event of foreclosure. In summary, a Missouri Nondisturbance and Attornment Agreement with the landlord is a crucial legal document that safeguards the tenant's lease rights in the context of foreclosure. It allows tenants to remain in the property, continue their lease obligations, and maintain stability amidst changing ownership. By entering into such an agreement, tenants can ensure their lease remains intact throughout the foreclosure process, providing peace of mind and protecting their rights as occupants.
