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 Santa Clara California Nondisturbance Provision — Tenant Friendly is a crucial legal term that offers protection for tenants in the city of Santa Clara, California. This provision ensures the rights of the tenant to continue their occupancy without any disturbance or interference, even in situations where there is a change in ownership or when the property is going through foreclosure. In Santa Clara, there are primarily two types of Nondisturbance Provisions that help to safeguard the interests of tenants in different scenarios. These are: 1. Nondisturbance Provision during Change in Ownership: This provision guarantees that in the event of a property being sold or transferred to a new owner, the tenant's lease agreement remains valid and enforceable. It secures the tenant's right to occupy the premises and prevents any disruption or eviction due to the sale of the property. The new owner must recognize the existing lease and cannot terminate the tenant's occupancy without just cause. 2. Nondisturbance Provision during Foreclosure: In case of foreclosure on the property, this provision safeguards the tenant's rights. It ensures that the tenant can stay and continue their tenancy undisturbed, even when the property is repossessed by the lender or a new owner. The tenant-friendly Nondisturbance Provision ensures that the lease remains in effect, providing stability and protection for tenants during a foreclosure situation. By including a Santa Clara California Nondisturbance Provision — Tenant Friendly in a lease agreement, tenants can have peace of mind knowing that their right to occupancy is protected. It allows them to maintain stability and security in their rented property, irrespective of changes in ownership or foreclosure processes. In summary, the Santa Clara California Nondisturbance Provision — Tenant Friendly is a crucial legal protection for tenants, safeguarding their rights to continue their occupancy during ownership changes or property foreclosures. It ensures the leases remain valid and enforceable, providing stability and security for tenants in Santa Clara, California.A Santa Clara California Nondisturbance Provision — Tenant Friendly is a crucial legal term that offers protection for tenants in the city of Santa Clara, California. This provision ensures the rights of the tenant to continue their occupancy without any disturbance or interference, even in situations where there is a change in ownership or when the property is going through foreclosure. In Santa Clara, there are primarily two types of Nondisturbance Provisions that help to safeguard the interests of tenants in different scenarios. These are: 1. Nondisturbance Provision during Change in Ownership: This provision guarantees that in the event of a property being sold or transferred to a new owner, the tenant's lease agreement remains valid and enforceable. It secures the tenant's right to occupy the premises and prevents any disruption or eviction due to the sale of the property. The new owner must recognize the existing lease and cannot terminate the tenant's occupancy without just cause. 2. Nondisturbance Provision during Foreclosure: In case of foreclosure on the property, this provision safeguards the tenant's rights. It ensures that the tenant can stay and continue their tenancy undisturbed, even when the property is repossessed by the lender or a new owner. The tenant-friendly Nondisturbance Provision ensures that the lease remains in effect, providing stability and protection for tenants during a foreclosure situation. By including a Santa Clara California Nondisturbance Provision — Tenant Friendly in a lease agreement, tenants can have peace of mind knowing that their right to occupancy is protected. It allows them to maintain stability and security in their rented property, irrespective of changes in ownership or foreclosure processes. In summary, the Santa Clara California Nondisturbance Provision — Tenant Friendly is a crucial legal protection for tenants, safeguarding their rights to continue their occupancy during ownership changes or property foreclosures. It ensures the leases remain valid and enforceable, providing stability and security for tenants in Santa Clara, California.
