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 Montana Nondisturbance and Attornment Agreement with a Landlord, also known as an SODA (Subordination, Non-Disturbance, and Attornment Agreement), is a legal document that protects the rights and interests of tenants in the event of a landlord's default or foreclosure on a property. This agreement is important for tenants who lease commercial spaces, ensuring their leasehold interests are recognized and preserved, even if the property ownership transfers to a new landlord. The primary purpose of a Montana Nondisturbance and Attornment Agreement is to establish a mutual understanding between the tenant, the landlord, and the new property owner. It provides the tenant with assurances that they can continue their business operations without interruption, despite any changes in ownership. It also ensures that the new landlord will recognize the existing lease and honor its terms. There are various types of Montana Nondisturbance and Attornment Agreements, depending on the specific circumstances and parties involved. Here are a few common types: 1. Simple Nondisturbance Agreement: A straightforward agreement where the landlord promises not to disturb the tenant's possession or use of the leased property, even in the case of the landlord's default or foreclosure. 2. Subordination and Nondisturbance Agreement: In situations where a tenant's lease agreement is subordinate to a mortgage, this agreement ensures that the tenant's rights are protected in the event of a foreclosure. The new landlord is required to accept the tenant's lease and not disturb their occupancy. 3. Estoppel Certificate: This type of agreement is often requested by lenders and potential buyers to confirm the current lease terms, tenant occupancy, and any defaults or disputes between the landlord and tenant. It acts as a declaration from the tenant, verifying the accuracy of the lease information. 4. Attornment Agreement: An attornment agreement establishes that the tenant recognizes and accepts a new landlord as the successor in interest. It obligates the tenant to continue paying rent and abide by the lease terms under the new ownership or management. Montana Nondisturbance and Attornment Agreements are essential for tenants to safeguard their leasehold rights and protect their businesses from unforeseen disruptions caused by changes in property ownership. By signing this agreement, tenants gain reassurance that their lease terms will be honored, regardless of any landlord defaults, foreclosures, or property sales.A Montana Nondisturbance and Attornment Agreement with a Landlord, also known as an SODA (Subordination, Non-Disturbance, and Attornment Agreement), is a legal document that protects the rights and interests of tenants in the event of a landlord's default or foreclosure on a property. This agreement is important for tenants who lease commercial spaces, ensuring their leasehold interests are recognized and preserved, even if the property ownership transfers to a new landlord. The primary purpose of a Montana Nondisturbance and Attornment Agreement is to establish a mutual understanding between the tenant, the landlord, and the new property owner. It provides the tenant with assurances that they can continue their business operations without interruption, despite any changes in ownership. It also ensures that the new landlord will recognize the existing lease and honor its terms. There are various types of Montana Nondisturbance and Attornment Agreements, depending on the specific circumstances and parties involved. Here are a few common types: 1. Simple Nondisturbance Agreement: A straightforward agreement where the landlord promises not to disturb the tenant's possession or use of the leased property, even in the case of the landlord's default or foreclosure. 2. Subordination and Nondisturbance Agreement: In situations where a tenant's lease agreement is subordinate to a mortgage, this agreement ensures that the tenant's rights are protected in the event of a foreclosure. The new landlord is required to accept the tenant's lease and not disturb their occupancy. 3. Estoppel Certificate: This type of agreement is often requested by lenders and potential buyers to confirm the current lease terms, tenant occupancy, and any defaults or disputes between the landlord and tenant. It acts as a declaration from the tenant, verifying the accuracy of the lease information. 4. Attornment Agreement: An attornment agreement establishes that the tenant recognizes and accepts a new landlord as the successor in interest. It obligates the tenant to continue paying rent and abide by the lease terms under the new ownership or management. Montana Nondisturbance and Attornment Agreements are essential for tenants to safeguard their leasehold rights and protect their businesses from unforeseen disruptions caused by changes in property ownership. By signing this agreement, tenants gain reassurance that their lease terms will be honored, regardless of any landlord defaults, foreclosures, or property sales.
