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 Tennessee Nondisturbance and Attornment Agreement with a landlord is a legally binding document designed to protect the rights and interests of tenants in the event of a change in ownership or foreclosure of the property they are renting. This agreement ensures that tenants will not be unfairly evicted or disrupted by the actions of a new landlord or lender. Keywords: Tennessee, Nondisturbance and Attornment Agreement, Landlord, tenants, change in ownership, foreclosure, renting, rights, interests, evicted, disrupted, new landlord, lender. There are different types of Tennessee Nondisturbance and Attornment Agreements that cater to specific situations: 1) Non-Disturbance Agreement: This agreement protects the tenant's rights and leasehold interest in the property in the event of a foreclosure or change in ownership. It ensures that the tenant will not face any unwarranted eviction or lease modification due to changes in the property's ownership. 2) Attornment Agreement: In this agreement, the tenant acknowledges and agrees to recognize a new landlord or lender as the successor in interest to the property. This ensures a smooth transition in the event of a change in ownership, enabling the new landlord or lender to enforce the terms of the lease agreement. 3) Subordination Agreement: A subordination agreement allows the landlord or lender to give priority to another party's mortgage or lien over the tenant's leasehold interest in the property. It is often required by lenders to protect their interests when financing the property, making it easier to foreclose without breaching any lease agreements. These different types of Tennessee Nondisturbance and Attornment Agreements provide specific protections and guidelines for tenants and landlords during the change in ownership or foreclosure proceedings. Tenants can have peace of mind knowing that their lease agreements will be honored and their occupancy rights protected, even in uncertain situations.
