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 West Virginia Nondisturbance and Attornment Agreement with the landlord is a legal document that protects the tenant's rights in the event of landlord changes. It ensures that the tenant's lease agreement remains intact and undisturbed despite any changes in ownership or foreclosure proceedings. This agreement is crucial for tenants to secure their occupancy rights, prevent any lease disruptions, and maintain a stable business environment. In West Virginia, there are mainly two types of Nondisturbance and Attornment Agreements with a landlord: 1. Non-Disturbance Agreement: A Non-Disturbance Agreement is an assurance from the landlord to the tenant that, in the event of a foreclosure or ownership change, the tenant will not be evicted or disturbed. It acknowledges the tenant's rights to continue occupying the leased premises as long as they comply with the lease terms and conditions. 2. Attornment Agreement: An Attornment Agreement legally binds the tenant to recognize and accept a new landlord or property owner in the event of foreclosure or change in ownership. It guarantees that the tenant will attorn to the new landlord and continue honoring the existing lease agreement. This agreement protects both the tenant's occupancy rights and the new landlord's ability to collect rent. The purpose of a West Virginia Nondisturbance and Attornment Agreement is to ensure stability and security for the tenant, especially during foreclosure situations. It allows the tenant to continue their business operations without interruptions and safeguards their interests in the leased property. Important keywords: West Virginia, Nondisturbance and Attornment Agreement, landlord, tenant rights, changes in ownership, foreclosure proceedings, lease agreement, occupancy rights, stable business environment, Non-Disturbance Agreement, Attornment Agreement, eviction, recognition, property owner, lease terms and conditions, security, stability.
