This office lease is extremely harsh on the subtenant and grants no non-disturbance rights or any other protections.
The Nevada Attornment Provision in a Sublease is a crucial clause that outlines the tenant's agreement to recognize and adhere to a new landlord if the property is transferred or sold. It essentially allows the new landlord to "step into the shoes" of the original landlord and maintain the existing lease agreement with the tenant. This provision serves to protect the rights and interests of both the tenant and the new landlord in the event of a change in ownership. In Nevada, there are two main types of Attornment Provisions that may be included in a sublease: 1. Absolute Attornment Provision: This type of provision requires the tenant to completely recognize the new landlord and accept them as a direct landlord in place of the original landlord. The tenant is obligated to fulfill all lease terms and conditions, pay rent, and follow any other obligations outlined in the lease agreement, regardless of the change in ownership. 2. Conditional Attornment Provision: This provision allows the tenant to withhold recognition of the new landlord until certain conditions are met. These conditions may include the new owner providing proof of title, assuming all responsibilities and obligations of the original landlord, and receiving written acknowledgment from the tenant regarding the transfer of ownership. Both types of Attornment Provision offer protection for both the tenant and the new landlord, ensuring a smooth transition of ownership and ongoing lease compliance. Landlords seeking to transfer or sell their property in Nevada should include these provisions in their sublease agreements to mitigate potential disputes and ensure continuity for the tenant.The Nevada Attornment Provision in a Sublease is a crucial clause that outlines the tenant's agreement to recognize and adhere to a new landlord if the property is transferred or sold. It essentially allows the new landlord to "step into the shoes" of the original landlord and maintain the existing lease agreement with the tenant. This provision serves to protect the rights and interests of both the tenant and the new landlord in the event of a change in ownership. In Nevada, there are two main types of Attornment Provisions that may be included in a sublease: 1. Absolute Attornment Provision: This type of provision requires the tenant to completely recognize the new landlord and accept them as a direct landlord in place of the original landlord. The tenant is obligated to fulfill all lease terms and conditions, pay rent, and follow any other obligations outlined in the lease agreement, regardless of the change in ownership. 2. Conditional Attornment Provision: This provision allows the tenant to withhold recognition of the new landlord until certain conditions are met. These conditions may include the new owner providing proof of title, assuming all responsibilities and obligations of the original landlord, and receiving written acknowledgment from the tenant regarding the transfer of ownership. Both types of Attornment Provision offer protection for both the tenant and the new landlord, ensuring a smooth transition of ownership and ongoing lease compliance. Landlords seeking to transfer or sell their property in Nevada should include these provisions in their sublease agreements to mitigate potential disputes and ensure continuity for the tenant.
