This office lease form shall be subject and subordinate to all present and future ground leases, overriding leases or underlying leases and/or grants of term of the Land and/or the building or the portion thereof in which the Demised Premises are located. This Section shall be self-operative and no further instrument of subordination shall be required. This form also states that the landlord and the tenant agree to share equally all costs incurred in connection with obtaining any Non-disturbance Agreement from the existing superior lessors or superior mortgagees.
A Broward Florida Nondisturbance Provision, also known as a Tenant-Friendly Nondisturbance Provision, is a vital legal clause that aims to protect tenants in the event of a lease termination due to foreclosure or other unforeseen circumstances. This provision ensures that tenants can continue to occupy the premises, undisturbed by any potential disruptions caused by the property's change in ownership. In Broward County, Florida, there are two main types of Nondisturbance Provisions that are considered tenant-friendly: 1. Automatic Nondisturbance Provision: This provision is automatically included in the lease agreement and grants the tenant the right to remain on the property, regardless of any foreclosure or sale. The tenant's lease will continue under the new ownership, ensuring their rights and occupancy are not disturbed. This provision is especially beneficial for tenants who have invested time, resources, and effort into establishing their business or residence. 2. Negotiated Nondisturbance Provision: In some cases, tenants and landlords may negotiate a specific Nondisturbance Provision to address their unique circumstances. This provision can offer additional tenant-friendly protections, such as specifying the duration of the lease following foreclosure or sale, outlining rent adjustments, or granting the tenant the option to terminate the lease without penalty under certain conditions. The Broward Florida Nondisturbance Provision — Tenant Friendly is a critical safeguard for tenants, as it provides them with necessary stability and security in uncertain situations. It ensures that tenants can maintain their businesses, livelihoods, and homes, even in the face of foreclosure or change in property ownership. By having either an Automatic Nondisturbance Provision or a Negotiated Nondisturbance Provision in place, tenants can enjoy peace of mind, knowing that their rights to occupy the premises are protected, and they can continue their operations without fear of sudden displacement. Keywords: Broward Florida, Nondisturbance Provision, Tenant Friendly, lease termination, foreclosure, change in ownership, Automatic Nondisturbance Provision, Negotiated Nondisturbance Provision, stability, security, property ownership.
