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.
Mecklenburg North Carolina Nondisturbance and Attornment Agreement With Landlord: In Mecklenburg County, North Carolina, a Nondisturbance and Attornment Agreement (NASA) is a crucial legal document that protects tenants' rights in the event of certain changes in property ownership or landlord-tenant relationships. This agreement ensures that tenants can continue their use and enjoyment of the leased premises without interruption, even if the property is sold or foreclosed upon. Some key elements of a Mecklenburg Nondisturbance and Attornment Agreement may include: 1. Non-Disturbance Clause: This clause ensures that the tenant's lease will not be terminated or disrupted due to any changes in property ownership. It states that the new owner will recognize the tenant's rights and will not disturb their occupancy as long as the tenant fulfills the lease obligations. 2. Attornment Clause: This clause binds the tenant to recognize and attorn to the new owner as their landlord, showing their acceptance of the new ownership. It means that the tenant will continue to pay rent to the new owner and comply with all lease terms after the change in ownership occurs. 3. Notice Requirements: The agreement may outline specific notice requirements that the new owner should provide to tenants in the event of a change in ownership. This ensures that tenants are aware of the change and can address any concerns or questions they may have. 4. Prior to Lease Recognition: The NASA may include a clause stating that the new owner acknowledges and recognizes the existing lease agreement between the previous landlord and the tenant. This provides security to the tenant that all terms and conditions of their lease will still be valid and enforceable. 5. Subordination Clause: This clause establishes that the tenant's lease is subordinate to any mortgage or deed of trust on the property. It specifies that the lease will not take precedence over any mortgage, should the property be foreclosed upon. While the basic components of a Mecklenburg Nondisturbance and Attornment Agreement are similar, there may be different types or variations depending on the specific circumstances. These could include: 1. Nondisturbance and Attornment Agreement With Landlord and Lender: This type of agreement involves both the landlord/property owner and the lender, ensuring that the tenant's rights are protected in the event of foreclosure or mortgage default. 2. Nondisturbance, Subordination, and Attornment Agreement (NSA): This agreement typically covers a broader range of situations and includes provisions related to subordination, where the tenant agrees that their lease is subordinate to any future leases or financing arrangements. Overall, a Mecklenburg North Carolina Nondisturbance and Attornment Agreement provides security and stability for tenants, giving them peace of mind in uncertain times. Whether it is a simple NASA or a more comprehensive NSA with additional clauses, these agreements safeguard tenants' rights and ensure the continuity of their lease obligations even with changes in property ownership.Mecklenburg North Carolina Nondisturbance and Attornment Agreement With Landlord: In Mecklenburg County, North Carolina, a Nondisturbance and Attornment Agreement (NASA) is a crucial legal document that protects tenants' rights in the event of certain changes in property ownership or landlord-tenant relationships. This agreement ensures that tenants can continue their use and enjoyment of the leased premises without interruption, even if the property is sold or foreclosed upon. Some key elements of a Mecklenburg Nondisturbance and Attornment Agreement may include: 1. Non-Disturbance Clause: This clause ensures that the tenant's lease will not be terminated or disrupted due to any changes in property ownership. It states that the new owner will recognize the tenant's rights and will not disturb their occupancy as long as the tenant fulfills the lease obligations. 2. Attornment Clause: This clause binds the tenant to recognize and attorn to the new owner as their landlord, showing their acceptance of the new ownership. It means that the tenant will continue to pay rent to the new owner and comply with all lease terms after the change in ownership occurs. 3. Notice Requirements: The agreement may outline specific notice requirements that the new owner should provide to tenants in the event of a change in ownership. This ensures that tenants are aware of the change and can address any concerns or questions they may have. 4. Prior to Lease Recognition: The NASA may include a clause stating that the new owner acknowledges and recognizes the existing lease agreement between the previous landlord and the tenant. This provides security to the tenant that all terms and conditions of their lease will still be valid and enforceable. 5. Subordination Clause: This clause establishes that the tenant's lease is subordinate to any mortgage or deed of trust on the property. It specifies that the lease will not take precedence over any mortgage, should the property be foreclosed upon. While the basic components of a Mecklenburg Nondisturbance and Attornment Agreement are similar, there may be different types or variations depending on the specific circumstances. These could include: 1. Nondisturbance and Attornment Agreement With Landlord and Lender: This type of agreement involves both the landlord/property owner and the lender, ensuring that the tenant's rights are protected in the event of foreclosure or mortgage default. 2. Nondisturbance, Subordination, and Attornment Agreement (NSA): This agreement typically covers a broader range of situations and includes provisions related to subordination, where the tenant agrees that their lease is subordinate to any future leases or financing arrangements. Overall, a Mecklenburg North Carolina Nondisturbance and Attornment Agreement provides security and stability for tenants, giving them peace of mind in uncertain times. Whether it is a simple NASA or a more comprehensive NSA with additional clauses, these agreements safeguard tenants' rights and ensure the continuity of their lease obligations even with changes in property ownership.
