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 South Dakota Nondisturbance and Attornment Agreement with a landlord is a legally binding contract that protects the rights and interests of a tenant in the event of a change in ownership or foreclosure of a property. It is typically created to ensure that the tenant's lease agreement remains valid and enforceable even if the property is sold or foreclosed. In South Dakota, there are two main types of Nondisturbance and Attornment Agreement: 1. Nondisturbance Agreement: This agreement is designed to protect the tenant from any future disturbance or eviction by the new property owner or a foreclosing party. It guarantees that the tenant's rights will be respected and that the new owner will not terminate or modify the existing lease agreement. 2. Attornment Agreement: This agreement establishes the tenant's agreement to recognize and accept a new property owner or lender as their landlord in case of a change in ownership or foreclosure. It requires the tenant to continue paying rent and abiding by the lease terms irrespective of the change in ownership. A South Dakota Nondisturbance and Attornment Agreement serves as a safety net for tenants, providing them with security and stability during uncertain property ownership transitions. It assures the tenant that their lease will remain intact even if the property is sold or foreclosed upon, avoiding any disruption to their occupancy or lease terms. By entering into this agreement, both the tenant and the new property owner or lender acknowledge each other's rights and obligations, creating a legally protected relationship. It safeguards the tenant against unexpected lease terminations, ensuring that they are not unfairly evicted due to a change in property ownership. Some relevant keywords for this topic might include South Dakota, Nondisturbance Agreement, Attornment Agreement, tenant protection, lease validity, change in ownership, foreclosure, landlord agreement, tenant rights, property sale, lease termination, and property transition.A South Dakota Nondisturbance and Attornment Agreement with a landlord is a legally binding contract that protects the rights and interests of a tenant in the event of a change in ownership or foreclosure of a property. It is typically created to ensure that the tenant's lease agreement remains valid and enforceable even if the property is sold or foreclosed. In South Dakota, there are two main types of Nondisturbance and Attornment Agreement: 1. Nondisturbance Agreement: This agreement is designed to protect the tenant from any future disturbance or eviction by the new property owner or a foreclosing party. It guarantees that the tenant's rights will be respected and that the new owner will not terminate or modify the existing lease agreement. 2. Attornment Agreement: This agreement establishes the tenant's agreement to recognize and accept a new property owner or lender as their landlord in case of a change in ownership or foreclosure. It requires the tenant to continue paying rent and abiding by the lease terms irrespective of the change in ownership. A South Dakota Nondisturbance and Attornment Agreement serves as a safety net for tenants, providing them with security and stability during uncertain property ownership transitions. It assures the tenant that their lease will remain intact even if the property is sold or foreclosed upon, avoiding any disruption to their occupancy or lease terms. By entering into this agreement, both the tenant and the new property owner or lender acknowledge each other's rights and obligations, creating a legally protected relationship. It safeguards the tenant against unexpected lease terminations, ensuring that they are not unfairly evicted due to a change in property ownership. Some relevant keywords for this topic might include South Dakota, Nondisturbance Agreement, Attornment Agreement, tenant protection, lease validity, change in ownership, foreclosure, landlord agreement, tenant rights, property sale, lease termination, and property transition.
