This office lease form shall be subject and subordinate to all present and future ground leases, overriding leases or underlying leases and/or grants of term of the Land and/or the building or the portion thereof in which the Demised Premises are located. This Section shall be self-operative and no further instrument of subordination shall be required. This form also states that the landlord and the tenant agree to share equally all costs incurred in connection with obtaining any Non-disturbance Agreement from the existing superior lessors or superior mortgagees.
The New Mexico Nondisturbance Provision, also known as Tenant Friendly Nondisturbance Provision, is a legal clause designed to protect tenants' rights in the event of a lease termination or transfer of ownership. This provision aims to ensure that tenants can remain in possession of the leased property even if the landlord defaults on their obligations or undergoes foreclosure. In New Mexico, there are several types of Nondisturbance Provisions that offer various levels of tenant protection: 1. Standard Nondisturbance Provision: This clause provides an assurance to tenants that their rights to the leased property will not be disrupted or terminated if there is a change in the property's ownership or if the landlord defaults on their obligations. It ensures that tenants can continue to occupy the property and enjoy the benefits of their lease agreement. 2. Tenant-Friendly Nondisturbance Provision: This type of provision goes beyond the basic protection provided by the standard clause. It offers additional safeguards for tenants by stipulating that in case of a change in ownership or foreclosure, the new owner or the foreclosing party will be legally bound to honor the existing lease agreement and allow the tenant to stay until the lease term ends. This provision prevents abrupt evictions or lease terminations due to the landlord's financial distress or property transfer. 3. Limited Nondisturbance Provision: This provision provides some level of tenant protection but might have certain limitations or conditions. For example, it may state that the tenant can continue the lease only if they fulfill certain obligations, such as paying rent on time or maintaining the property in good condition. Another limitation could be that the tenant will have to agree to modified lease terms or rental adjustments if a change in ownership occurs. 4. Customized Nondisturbance Provision: In some cases, tenants and landlords may choose to customize the Nondisturbance Provision to include specific terms and conditions that suit their unique needs and circumstances. This tailored provision can outline additional tenant rights, responsibilities, or property-specific considerations while maintaining the core protection against lease termination or disruption caused by the landlord's financial setbacks or property transfer. The New Mexico Nondisturbance Provision — Tenant Friendly is a critical element in lease agreements, providing tenants with essential security and stability in their occupancy. By ensuring that tenants can remain in their rented premises, even during ownership changes or foreclosure, this clause helps protect tenant rights and creates a more favorable environment for both tenants and landlords.The New Mexico Nondisturbance Provision, also known as Tenant Friendly Nondisturbance Provision, is a legal clause designed to protect tenants' rights in the event of a lease termination or transfer of ownership. This provision aims to ensure that tenants can remain in possession of the leased property even if the landlord defaults on their obligations or undergoes foreclosure. In New Mexico, there are several types of Nondisturbance Provisions that offer various levels of tenant protection: 1. Standard Nondisturbance Provision: This clause provides an assurance to tenants that their rights to the leased property will not be disrupted or terminated if there is a change in the property's ownership or if the landlord defaults on their obligations. It ensures that tenants can continue to occupy the property and enjoy the benefits of their lease agreement. 2. Tenant-Friendly Nondisturbance Provision: This type of provision goes beyond the basic protection provided by the standard clause. It offers additional safeguards for tenants by stipulating that in case of a change in ownership or foreclosure, the new owner or the foreclosing party will be legally bound to honor the existing lease agreement and allow the tenant to stay until the lease term ends. This provision prevents abrupt evictions or lease terminations due to the landlord's financial distress or property transfer. 3. Limited Nondisturbance Provision: This provision provides some level of tenant protection but might have certain limitations or conditions. For example, it may state that the tenant can continue the lease only if they fulfill certain obligations, such as paying rent on time or maintaining the property in good condition. Another limitation could be that the tenant will have to agree to modified lease terms or rental adjustments if a change in ownership occurs. 4. Customized Nondisturbance Provision: In some cases, tenants and landlords may choose to customize the Nondisturbance Provision to include specific terms and conditions that suit their unique needs and circumstances. This tailored provision can outline additional tenant rights, responsibilities, or property-specific considerations while maintaining the core protection against lease termination or disruption caused by the landlord's financial setbacks or property transfer. The New Mexico Nondisturbance Provision — Tenant Friendly is a critical element in lease agreements, providing tenants with essential security and stability in their occupancy. By ensuring that tenants can remain in their rented premises, even during ownership changes or foreclosure, this clause helps protect tenant rights and creates a more favorable environment for both tenants and landlords.
