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 Hennepin Minnesota Nondisturbance and Attornment Agreement With Landlord is a legal document that outlines the rights and obligations of a tenant in case of a change in ownership or other lease-related events. This agreement is crucial as it protects the tenant from potential disruptions in their occupancy rights during such events. In Hennepin County, Minnesota, there are various types of Nondisturbance and Attornment Agreements with Landlords that cater to specific circumstances and entities. Some of these agreements include: 1. Commercial Nondisturbance and Attornment Agreement: This type of agreement is typically used in commercial real estate leases where tenants rent office spaces, retail stores, industrial properties, or other commercial premises. It provides protections to the tenant in case the property is sold or transferred to a new owner. 2. Residential Nondisturbance and Attornment Agreement: As the name implies, this agreement is specific to residential leases, where tenants rent houses, apartments, or other residential units. It ensures that the tenant's occupancy rights are not disturbed, even if there is a change in ownership or in the event of foreclosure on the property. 3. Subordination, Nondisturbance and Attornment Agreement (SODA): Sometimes, lenders require this agreement to protect their financial interests when tenants have an existing lease agreement with a landlord. The SODA establishes the tenant's agreement to subordinate their lease to the lender's mortgage or financing agreement, while also guaranteeing non-disturbance of the tenant's occupancy rights in the event of foreclosure. The primary purpose of a Nondisturbance and Attornment Agreement in Hennepin, Minnesota, is to safeguard a tenant's rights and ensure continuity of their lease agreement, irrespective of changes in ownership or financial circumstances. It sets out the tenant's obligation to recognize and accept a new landlord or lender in place of the original landlord, while also providing assurances that their occupancy rights will be protected. In summary, a Hennepin Minnesota Nondisturbance and Attornment Agreement With Landlord is a vital legal tool that ensures tenants can continue their occupancy undisturbed in cases of ownership changes or other lease-related events. By entering into such an agreement, tenants secure their rights and maintain stability in their lease arrangements.A Hennepin Minnesota Nondisturbance and Attornment Agreement With Landlord is a legal document that outlines the rights and obligations of a tenant in case of a change in ownership or other lease-related events. This agreement is crucial as it protects the tenant from potential disruptions in their occupancy rights during such events. In Hennepin County, Minnesota, there are various types of Nondisturbance and Attornment Agreements with Landlords that cater to specific circumstances and entities. Some of these agreements include: 1. Commercial Nondisturbance and Attornment Agreement: This type of agreement is typically used in commercial real estate leases where tenants rent office spaces, retail stores, industrial properties, or other commercial premises. It provides protections to the tenant in case the property is sold or transferred to a new owner. 2. Residential Nondisturbance and Attornment Agreement: As the name implies, this agreement is specific to residential leases, where tenants rent houses, apartments, or other residential units. It ensures that the tenant's occupancy rights are not disturbed, even if there is a change in ownership or in the event of foreclosure on the property. 3. Subordination, Nondisturbance and Attornment Agreement (SODA): Sometimes, lenders require this agreement to protect their financial interests when tenants have an existing lease agreement with a landlord. The SODA establishes the tenant's agreement to subordinate their lease to the lender's mortgage or financing agreement, while also guaranteeing non-disturbance of the tenant's occupancy rights in the event of foreclosure. The primary purpose of a Nondisturbance and Attornment Agreement in Hennepin, Minnesota, is to safeguard a tenant's rights and ensure continuity of their lease agreement, irrespective of changes in ownership or financial circumstances. It sets out the tenant's obligation to recognize and accept a new landlord or lender in place of the original landlord, while also providing assurances that their occupancy rights will be protected. In summary, a Hennepin Minnesota Nondisturbance and Attornment Agreement With Landlord is a vital legal tool that ensures tenants can continue their occupancy undisturbed in cases of ownership changes or other lease-related events. By entering into such an agreement, tenants secure their rights and maintain stability in their lease arrangements.
