This office lease is extremely harsh on the subtenant and grants no non-disturbance rights or any other protections.
The Vermont Attornment Provision in a Sublease is a legal clause that establishes a relationship between the subtenant and the landlord in the event of any changes in the ownership or interest of the property. This provision ensures that the subtenant recognizes and agrees to accept the new landlord as their landlord going forward, regardless of any changes in ownership. The Attornment Provision in a Sublease governs the rights and obligations of the subtenant, the sublandlord (original tenant), and the new landlord. It ensures that the subtenant continues to pay rent, follows the terms of the original lease, and complies with all applicable rules and regulations, even if the property changes hands. There are two main types of Vermont Attornment Provision in a Sublease: 1. Automatic Attornment Provision: This type of provision states that in the event of a change in the ownership or interest in the property, the subtenant will automatically recognize and accept the new landlord as their landlord, without the need for any additional agreements or negotiations. This provision is often used in commercial subleases, where continuity of occupancy is crucial for smooth business operations. 2. Conditional Attornment Provision: In this type of provision, the subtenant's recognition and acceptance of the new landlord are conditional upon the fulfillment of certain requirements or conditions. These conditions could include the new landlord assuming all the obligations and responsibilities of the original landlord, providing written notice to the subtenant, or obtaining the necessary consents or approvals. This type of provision offers some protection to the subtenant and allows them to assess the new landlord's suitability before attorning to them. It is important for both the subtenant and the sublandlord to fully understand the implications and terms of the Attornment Provision in a Sublease to ensure a smooth transition in the event of any ownership changes. Consulting with a qualified attorney or real estate professional in Vermont is advised to draft or review such provisions and ensure they align with both state laws and the specific needs of the sublease agreement.
