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 New Mexico Nondisturbance and Attornment Agreement with the landlord is a legal document that protects tenants' rights in the event of a landlord's default or foreclosure of the property they are leasing. It ensures that the tenant's leasehold interest will be recognized and protected by the new property owner or mortgagee. This agreement provides certainty and stability, allowing tenants to continue their operations without significant disruption. In New Mexico, there are mainly two types of Nondisturbance and Attornment Agreements that tenants may encounter: 1. Commercial Nondisturbance and Attornment Agreement: This type of agreement is commonly used for commercial leases, where businesses lease a property for their operations. It establishes a contractual relationship between the tenant, the landlord, and the landlord's lender. With this agreement, the tenant agrees to attorn or recognize the new property owner (usually a lender) in the event of foreclosure or transfer of ownership, ensuring that their leasehold interest remains intact. Keywords: New Mexico, Nondisturbance and Attornment Agreement, landlord, tenant rights, default, foreclosure, leasehold interest, property owner, mortgagee, legal document, stability, commercial lease, attorn, lender, transfer of ownership. 2. Residential Nondisturbance and Attornment Agreement: This type of agreement applies to residential leases, where individuals or families lease homes or apartments for their residence. It serves a similar purpose as the commercial agreement, but with different specific terms and conditions tailored for residential tenancies. The residential agreement protects tenants from being unfairly evicted or disrupted in case the property undergoes foreclosure or ownership transfer. Keywords: New Mexico, Nondisturbance and Attornment Agreement, landlord, tenant rights, default, foreclosure, lease, residential lease, home, apartment, residence, eviction, ownership transfer, legal document, stability. In conclusion, a New Mexico Nondisturbance and Attornment Agreement with the landlord is an essential legal protection for tenants, ensuring their leasehold interests are safeguarded during property ownership changes. Both commercial and residential agreements play a crucial role in maintaining stability and security for tenants in these circumstances.A New Mexico Nondisturbance and Attornment Agreement with the landlord is a legal document that protects tenants' rights in the event of a landlord's default or foreclosure of the property they are leasing. It ensures that the tenant's leasehold interest will be recognized and protected by the new property owner or mortgagee. This agreement provides certainty and stability, allowing tenants to continue their operations without significant disruption. In New Mexico, there are mainly two types of Nondisturbance and Attornment Agreements that tenants may encounter: 1. Commercial Nondisturbance and Attornment Agreement: This type of agreement is commonly used for commercial leases, where businesses lease a property for their operations. It establishes a contractual relationship between the tenant, the landlord, and the landlord's lender. With this agreement, the tenant agrees to attorn or recognize the new property owner (usually a lender) in the event of foreclosure or transfer of ownership, ensuring that their leasehold interest remains intact. Keywords: New Mexico, Nondisturbance and Attornment Agreement, landlord, tenant rights, default, foreclosure, leasehold interest, property owner, mortgagee, legal document, stability, commercial lease, attorn, lender, transfer of ownership. 2. Residential Nondisturbance and Attornment Agreement: This type of agreement applies to residential leases, where individuals or families lease homes or apartments for their residence. It serves a similar purpose as the commercial agreement, but with different specific terms and conditions tailored for residential tenancies. The residential agreement protects tenants from being unfairly evicted or disrupted in case the property undergoes foreclosure or ownership transfer. Keywords: New Mexico, Nondisturbance and Attornment Agreement, landlord, tenant rights, default, foreclosure, lease, residential lease, home, apartment, residence, eviction, ownership transfer, legal document, stability. In conclusion, a New Mexico Nondisturbance and Attornment Agreement with the landlord is an essential legal protection for tenants, ensuring their leasehold interests are safeguarded during property ownership changes. Both commercial and residential agreements play a crucial role in maintaining stability and security for tenants in these circumstances.
