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.
Oakland Michigan Nondisturbance Provision — Tenant Friendly is a legal provision often included in lease agreements to protect tenants' rights during lease term and in case of potential landlord's default or mortgage foreclosure. This provision ensures that tenants can continue their occupancy without unnecessary disruption or eviction, granting them a more secure and reliable rental experience in Oakland, Michigan. The Oakland Michigan Nondisturbance Provision — Tenant Friendly offers various types of protection for tenants based on different circumstances: 1. Default Nondisturbance Provision: This provision guarantees that if the landlord defaults on their loan, the tenant's occupancy rights will not be affected. It prevents the lender from terminating the lease agreement and evicting the tenant due to the landlord's financial issues. 2. Foreclosure Nondisturbance Provision: In case of a mortgage foreclosure by the landlord's lender, this provision ensures that the tenant can remain in the rental property undisturbed and continue their tenancy. It safeguards against the tenant being forcefully evicted due to the actions of the landlord's lender. 3. Continuation of Services Provision: This provision ensures that essential utilities and services, such as water, electricity, heating, and maintenance, will continue to be provided to the tenant even if there is a default or foreclosure situation. This guarantees that tenants can enjoy a habitable living environment throughout their lease term. 4. Lease Assignment Protection: In some cases, landlords may sell the property during the lease term. The Nondisturbance Provision protects tenants by requiring the new property owner to honor the existing lease agreement and maintain the same terms and conditions. 5. Right to Terminate Lease: In rare circumstances where the property becomes uninhabitable due to severe damage or other unforeseen events, the tenant-friendly Nondisturbance Provision allows tenants to terminate the lease agreement without financial penalties or contractual repercussions. Overall, the Oakland Michigan Nondisturbance Provision — Tenant Friendly offers crucial safeguards to ensure tenants' rights and security during their lease term, protecting them from the potential negative consequences of default or foreclosure by the landlord. Tenants can have peace of mind, knowing that their occupancy and essential services are protected by this provision.Oakland Michigan Nondisturbance Provision — Tenant Friendly is a legal provision often included in lease agreements to protect tenants' rights during lease term and in case of potential landlord's default or mortgage foreclosure. This provision ensures that tenants can continue their occupancy without unnecessary disruption or eviction, granting them a more secure and reliable rental experience in Oakland, Michigan. The Oakland Michigan Nondisturbance Provision — Tenant Friendly offers various types of protection for tenants based on different circumstances: 1. Default Nondisturbance Provision: This provision guarantees that if the landlord defaults on their loan, the tenant's occupancy rights will not be affected. It prevents the lender from terminating the lease agreement and evicting the tenant due to the landlord's financial issues. 2. Foreclosure Nondisturbance Provision: In case of a mortgage foreclosure by the landlord's lender, this provision ensures that the tenant can remain in the rental property undisturbed and continue their tenancy. It safeguards against the tenant being forcefully evicted due to the actions of the landlord's lender. 3. Continuation of Services Provision: This provision ensures that essential utilities and services, such as water, electricity, heating, and maintenance, will continue to be provided to the tenant even if there is a default or foreclosure situation. This guarantees that tenants can enjoy a habitable living environment throughout their lease term. 4. Lease Assignment Protection: In some cases, landlords may sell the property during the lease term. The Nondisturbance Provision protects tenants by requiring the new property owner to honor the existing lease agreement and maintain the same terms and conditions. 5. Right to Terminate Lease: In rare circumstances where the property becomes uninhabitable due to severe damage or other unforeseen events, the tenant-friendly Nondisturbance Provision allows tenants to terminate the lease agreement without financial penalties or contractual repercussions. Overall, the Oakland Michigan Nondisturbance Provision — Tenant Friendly offers crucial safeguards to ensure tenants' rights and security during their lease term, protecting them from the potential negative consequences of default or foreclosure by the landlord. Tenants can have peace of mind, knowing that their occupancy and essential services are protected by this provision.
