This office lease is extremely harsh on the subtenant and grants no non-disturbance rights or any other protections.
Pennsylvania Attornment Provision in a Sublease: Understanding the Key Details The Pennsylvania Attornment Provision in a Sublease is a legal clause included in a sublease agreement that addresses the relationship between the subtenant and the landlord, particularly in the event of certain circumstances such as lease termination, default, or mortgage foreclosure. This provision outlines the subtenant's agreement to recognize and accept a new landlord or the landlord's successor, ensuring a smooth transition of rights and obligations. Keywords: Pennsylvania Attornment Provision, Sublease, subtenant, landlord, lease termination, default, mortgage foreclosure, successor, rights, obligations. Types of Pennsylvania Attornment Provision in a Sublease: 1. Traditional Attornment Provision: This type of attornment provision ensures that the subtenant acknowledges and agrees to undertake the obligations of the sublease even if the property ownership changes. In case the original landlord sells the premises or transfers the title to another party, the subtenant must recognize the new landlord as the successor and abide by the terms of the original sublease. 2. Non-Disturbance Attornment Provision: This attornment provision offers additional protection to the subtenant by stipulating that, in the event of a change in property ownership due to default, foreclosure, or other similar circumstances, the subtenant's rights will not be disturbed. The subtenant can continue occupying the premises according to the terms of the original sublease, as long as they fulfill their obligations. 3. Subordination Attornment Provision: In some cases, a sublease may include a subordination attornment provision which means that the subtenant's lease is considered subordinate to the rights of the landlord's lender or mortgage holder. If the landlord defaults on their loan and the property undergoes foreclosure, the subtenant may need to recognize the lender or the new owner unless an agreement stating otherwise has been made. 4. Estoppel Certificate: While not technically a type of attornment provision, an estoppel certificate is often requested by a prospective purchaser or lender during property transfers. This certificate confirms the key details of the sublease agreement, including rent amount, terms, and any agreements made between the subtenant and the current landlord, ensuring there are no undisclosed rights or claims that could affect the property's value. In summary, the Pennsylvania Attornment Provision in a Sublease is a crucial element in delineating the relationship between subtenants, landlords, and potential successors in the event of lease termination, default, or property ownership changes. By including this provision appropriately, both parties can protect their interests and ensure a smooth continuation of the sublease obligations.
Pennsylvania Attornment Provision in a Sublease: Understanding the Key Details The Pennsylvania Attornment Provision in a Sublease is a legal clause included in a sublease agreement that addresses the relationship between the subtenant and the landlord, particularly in the event of certain circumstances such as lease termination, default, or mortgage foreclosure. This provision outlines the subtenant's agreement to recognize and accept a new landlord or the landlord's successor, ensuring a smooth transition of rights and obligations. Keywords: Pennsylvania Attornment Provision, Sublease, subtenant, landlord, lease termination, default, mortgage foreclosure, successor, rights, obligations. Types of Pennsylvania Attornment Provision in a Sublease: 1. Traditional Attornment Provision: This type of attornment provision ensures that the subtenant acknowledges and agrees to undertake the obligations of the sublease even if the property ownership changes. In case the original landlord sells the premises or transfers the title to another party, the subtenant must recognize the new landlord as the successor and abide by the terms of the original sublease. 2. Non-Disturbance Attornment Provision: This attornment provision offers additional protection to the subtenant by stipulating that, in the event of a change in property ownership due to default, foreclosure, or other similar circumstances, the subtenant's rights will not be disturbed. The subtenant can continue occupying the premises according to the terms of the original sublease, as long as they fulfill their obligations. 3. Subordination Attornment Provision: In some cases, a sublease may include a subordination attornment provision which means that the subtenant's lease is considered subordinate to the rights of the landlord's lender or mortgage holder. If the landlord defaults on their loan and the property undergoes foreclosure, the subtenant may need to recognize the lender or the new owner unless an agreement stating otherwise has been made. 4. Estoppel Certificate: While not technically a type of attornment provision, an estoppel certificate is often requested by a prospective purchaser or lender during property transfers. This certificate confirms the key details of the sublease agreement, including rent amount, terms, and any agreements made between the subtenant and the current landlord, ensuring there are no undisclosed rights or claims that could affect the property's value. In summary, the Pennsylvania Attornment Provision in a Sublease is a crucial element in delineating the relationship between subtenants, landlords, and potential successors in the event of lease termination, default, or property ownership changes. By including this provision appropriately, both parties can protect their interests and ensure a smooth continuation of the sublease obligations.
