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.
Contra Costa California Nondisturbance and Attornment Agreement With Landlord is a legally binding contract that ensures protection for tenants in the event of a foreclosure or sale of the property they are currently leasing. This agreement is particularly important in Contra Costa County, California, as it safeguards the rights and interests of tenants in this region. Nondisturbance Clause: The nondisturbance clause within this agreement states that, in the event of foreclosure or change of ownership, the tenant's lease will remain in effect and will not be disturbed or terminated. This provides security and continuity for tenants, allowing them to continue their occupancy and enjoy the benefits of their current lease terms. Attornment Clause: The attornment clause states that the tenant will recognize and acknowledge a new landlord or owner as the rightful landlord, and will continue to fulfill their obligations under the lease agreement with the new owner. This clause ensures a smooth transition in case of a change in ownership, preventing any disruption in the tenant-landlord relationship. Different Types of Contra Costa California Nondisturbance and Attornment Agreements: 1. Commercial Nondisturbance and Attornment Agreement: This type of agreement is specifically designed for commercial tenants, providing them with protection and stability in the event of a foreclosure or change of ownership of the property they operate their businesses in. It is crucial for preserving business continuity and ensuring a hassle-free transition for the tenant in such situations. 2. Residential Nondisturbance and Attornment Agreement: This type of agreement is tailored for residential tenants, safeguarding their rights and interests in case of foreclosure or property sale. It guarantees that their lease agreement remains intact, allowing them to maintain their living arrangements, terms, and conditions, even under new ownership. 3. Multi-tenant Nondisturbance and Attornment Agreement: This agreement is applicable when multiple tenants are involved in a property, such as an office building or shopping center. It ensures that all tenants are protected and unaffected by any change in ownership, and allows them to carry on their businesses without interruption. Overall, a Contra Costa California Nondisturbance and Attornment Agreement With Landlord is a crucial legal document that provides reassurance and protection for both commercial and residential tenants in the face of unforeseen circumstances. By upholding tenant rights and lease continuity, this agreement ensures a fair and secure environment for all parties involved.
