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.
Rhode Island Nondisturbance Provision — Tenant Friendly: A Detailed Description The Rhode Island Nondisturbance Provision is a crucial component of lease agreements in the state, designed to protect tenants and provide reassurance regarding their occupancy rights. This provision ensures tenants will not be unfairly affected in the event of foreclosure or sale of the leased property. Landlords are required to include this provision to safeguard tenants' rights and provide them with peace of mind during unforeseen circumstances. The Rhode Island Nondisturbance Provision — Tenant Friendly guarantees that tenants can continue their tenancy undisturbed, even if the property is subject to foreclosure or sale. This means that if the property changes ownership, the new owner must honor the existing lease and cannot evict the tenant or impose new terms unless specified otherwise in the lease agreement. This provision offers significant protections to tenants, essentially shielding them from being abruptly displaced due to changes in property ownership. There are different types of Rhode Island Nondisturbance Provisions — Tenant Friendly, each addressing specific scenarios: 1. General Nondisturbance Provision: This provision safeguards tenants' interests in case of foreclosure or sale, ensuring their right to continue occupying the property under the existing lease terms. It prevents any interference in the tenant-landlord relationship caused by ownership changes. 2. Nondisturbance Provision for Condominiums: This provision applies specifically to lease agreements within condominium buildings. It protects tenants in the event of foreclosure or sale of the entire condominium or a single unit, prohibiting new owners from disrupting their lease or occupancy rights. 3. Nondisturbance Provision for Commercial Tenants: Tailored to commercial lease agreements, this provision offers tenant-friendly non-disturbance rights. It ensures that if the property is sold or foreclosed, commercial tenants can retain their leases and continue conducting business without interference. 4. Government-Assisted Housing Nondisturbance Provision: This provision applies to lease agreements involving government-assisted housing, such as Section 8 housing. It assures tenants that their housing subsidy won't be disrupted, even if the property undergoes foreclosure or sale. New owners are required to accept and honor existing government-assisted lease agreements. In summary, the Rhode Island Nondisturbance Provision — Tenant Friendly provides essential protections to tenants facing potential property foreclosure or sale. It guarantees their right to retain their lease and continue occupying the property without any disturbances from new owners. Different variations of this provision cater to different types of lease agreements, such as general residential, condominium, commercial, and government-assisted housing, ensuring tenant-friendly safeguards are in place across various circumstances.Rhode Island Nondisturbance Provision — Tenant Friendly: A Detailed Description The Rhode Island Nondisturbance Provision is a crucial component of lease agreements in the state, designed to protect tenants and provide reassurance regarding their occupancy rights. This provision ensures tenants will not be unfairly affected in the event of foreclosure or sale of the leased property. Landlords are required to include this provision to safeguard tenants' rights and provide them with peace of mind during unforeseen circumstances. The Rhode Island Nondisturbance Provision — Tenant Friendly guarantees that tenants can continue their tenancy undisturbed, even if the property is subject to foreclosure or sale. This means that if the property changes ownership, the new owner must honor the existing lease and cannot evict the tenant or impose new terms unless specified otherwise in the lease agreement. This provision offers significant protections to tenants, essentially shielding them from being abruptly displaced due to changes in property ownership. There are different types of Rhode Island Nondisturbance Provisions — Tenant Friendly, each addressing specific scenarios: 1. General Nondisturbance Provision: This provision safeguards tenants' interests in case of foreclosure or sale, ensuring their right to continue occupying the property under the existing lease terms. It prevents any interference in the tenant-landlord relationship caused by ownership changes. 2. Nondisturbance Provision for Condominiums: This provision applies specifically to lease agreements within condominium buildings. It protects tenants in the event of foreclosure or sale of the entire condominium or a single unit, prohibiting new owners from disrupting their lease or occupancy rights. 3. Nondisturbance Provision for Commercial Tenants: Tailored to commercial lease agreements, this provision offers tenant-friendly non-disturbance rights. It ensures that if the property is sold or foreclosed, commercial tenants can retain their leases and continue conducting business without interference. 4. Government-Assisted Housing Nondisturbance Provision: This provision applies to lease agreements involving government-assisted housing, such as Section 8 housing. It assures tenants that their housing subsidy won't be disrupted, even if the property undergoes foreclosure or sale. New owners are required to accept and honor existing government-assisted lease agreements. In summary, the Rhode Island Nondisturbance Provision — Tenant Friendly provides essential protections to tenants facing potential property foreclosure or sale. It guarantees their right to retain their lease and continue occupying the property without any disturbances from new owners. Different variations of this provision cater to different types of lease agreements, such as general residential, condominium, commercial, and government-assisted housing, ensuring tenant-friendly safeguards are in place across various circumstances.
