Texas Attornment Agreement between Lessor and Sublessee of Lessee

• Category: Landlord Tenant - Subordination
• State: Multi-State
• Control #: US-0187BG
• Format: Word; Rich Text

Description

This form is an attornment agreement between lessor and sublessee of lease. Texas Attornment Agreement between Lessor and Sublessee of Lessee: A Comprehensive Overview In the state of Texas, an Attornment Agreement between the Lessor (landlord) and the Sublessee (tenant subleasing the premises) of the Lessee (original tenant) is a vital legal document that ensures a smooth transition of rights and obligations in the event of a change in the property's ownership or management. This agreement establishes a direct relationship between the Lessor and the Sublessee, safeguarding the Sublessee's interests when the original lease is assigned or terminated. Keywords: Texas, Attornment Agreement, Lessor, Sublessee, Lessee, property, ownership, management, rights, obligations, assignment, termination. Types of Texas Attornment Agreements: 1. Continuous Attornment Agreement: This type of agreement ensures that the Sublessee acknowledges and accepts the Lessor as their new landlord upon the assignment or transfer of the lease. It establishes a direct relationship between the Lessor and the Sublessee, similar to the relationship previously established between the Lessee and the Sublessee. The Sublessee agrees to recognize the Lessor as the new landlord and fulfill their obligations under the original lease. 2. Limited Attornment Agreement: In certain cases, the Attornment Agreement may be limited to specific circumstances, such as the sale of the property or the termination of the Lessee's rights. The Sublessee agrees to attorn to the new landlord only under these defined circumstances. This type of agreement tends to provide greater protection to the Sublessee by restricting the transfer of rights to specific situations. 3. Express Attornment Agreement: An Express Attornment Agreement explicitly addresses the attornment clause, ensuring that the Sublessee agrees to recognize and attorn directly to the Lessor as the new landlord. This type of agreement leaves no room for ambiguity concerning the Sublessee's obligation to acknowledge the Lessor's rights and comply with the terms and conditions of the original lease. 4. Implied Attornment Agreement: While not named as such, an implied attornment agreement arises when the Sublessee continues to occupy and make rental payments to the Lessor after the assignment or termination of the original lease. This action implies the Sublessee's acknowledgment and acceptance of the Lessor as the new landlord, establishing a de facto attornment agreement. It is essential to have a written agreement to avoid any potential disputes. Key elements of a Texas Attornment Agreement: 1. Parties Involved: The agreement should clearly identify the Lessor, Sublessee, and Lessee, along with their respective contact information. 2. Property Details: The Attornment Agreement should include the full legal description of the property being leased, including any specific unit numbers or addresses, to avoid confusion. 3. Assignment and Termination: The agreement should outline the circumstances under which the attornment provision is triggered, such as the sale or transfer of the property or the termination of the original lease. 4. Recognition of New Landlord: The Sublessee should express their unequivocal recognition of the Lessor as their new landlord, accepting their rights and title to the property. 5. Rights and Obligations: The agreement should specify that the rights and obligations of the Sublessee under the original lease will remain unaffected, except for the transfer of the landlord relationship to the Lessor. 6. Notice and Consent: The agreement may require the Sublessee to provide written notice and obtain the Lessor's consent before further assigning, subleasing, or terminating the lease. 7. Governing Law: The Attornment Agreement should state that it is governed by the laws of the state of Texas, ensuring its validity and enforceability in the local jurisdiction. Remember, it is crucial to consult an attorney or legal professional when drafting or entering into an Attornment Agreement, as laws may vary and require specific provisions depending on the situation. Keywords: Texas, Attornment Agreement, Lessor, Sublessee, Lessee, property details, assignment, termination, recognition, rights, obligations, notice, consent, governing law, attorney.

Texas Attornment Agreement between Lessor and Sublessee of Lessee: A Comprehensive Overview In the state of Texas, an Attornment Agreement between the Lessor (landlord) and the Sublessee (tenant subleasing the premises) of the Lessee (original tenant) is a vital legal document that ensures a smooth transition of rights and obligations in the event of a change in the property's ownership or management. This agreement establishes a direct relationship between the Lessor and the Sublessee, safeguarding the Sublessee's interests when the original lease is assigned or terminated. Keywords: Texas, Attornment Agreement, Lessor, Sublessee, Lessee, property, ownership, management, rights, obligations, assignment, termination. Types of Texas Attornment Agreements: 1. Continuous Attornment Agreement: This type of agreement ensures that the Sublessee acknowledges and accepts the Lessor as their new landlord upon the assignment or transfer of the lease. It establishes a direct relationship between the Lessor and the Sublessee, similar to the relationship previously established between the Lessee and the Sublessee. The Sublessee agrees to recognize the Lessor as the new landlord and fulfill their obligations under the original lease. 2. Limited Attornment Agreement: In certain cases, the Attornment Agreement may be limited to specific circumstances, such as the sale of the property or the termination of the Lessee's rights. The Sublessee agrees to attorn to the new landlord only under these defined circumstances. This type of agreement tends to provide greater protection to the Sublessee by restricting the transfer of rights to specific situations. 3. Express Attornment Agreement: An Express Attornment Agreement explicitly addresses the attornment clause, ensuring that the Sublessee agrees to recognize and attorn directly to the Lessor as the new landlord. This type of agreement leaves no room for ambiguity concerning the Sublessee's obligation to acknowledge the Lessor's rights and comply with the terms and conditions of the original lease. 4. Implied Attornment Agreement: While not named as such, an implied attornment agreement arises when the Sublessee continues to occupy and make rental payments to the Lessor after the assignment or termination of the original lease. This action implies the Sublessee's acknowledgment and acceptance of the Lessor as the new landlord, establishing a de facto attornment agreement. It is essential to have a written agreement to avoid any potential disputes. Key elements of a Texas Attornment Agreement: 1. Parties Involved: The agreement should clearly identify the Lessor, Sublessee, and Lessee, along with their respective contact information. 2. Property Details: The Attornment Agreement should include the full legal description of the property being leased, including any specific unit numbers or addresses, to avoid confusion. 3. Assignment and Termination: The agreement should outline the circumstances under which the attornment provision is triggered, such as the sale or transfer of the property or the termination of the original lease. 4. Recognition of New Landlord: The Sublessee should express their unequivocal recognition of the Lessor as their new landlord, accepting their rights and title to the property. 5. Rights and Obligations: The agreement should specify that the rights and obligations of the Sublessee under the original lease will remain unaffected, except for the transfer of the landlord relationship to the Lessor. 6. Notice and Consent: The agreement may require the Sublessee to provide written notice and obtain the Lessor's consent before further assigning, subleasing, or terminating the lease. 7. Governing Law: The Attornment Agreement should state that it is governed by the laws of the state of Texas, ensuring its validity and enforceability in the local jurisdiction. Remember, it is crucial to consult an attorney or legal professional when drafting or entering into an Attornment Agreement, as laws may vary and require specific provisions depending on the situation. Keywords: Texas, Attornment Agreement, Lessor, Sublessee, Lessee, property details, assignment, termination, recognition, rights, obligations, notice, consent, governing law, attorney.