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.
Miami-Dade Florida is a vibrant county located in southeastern Florida. It is known for its stunning beaches, diverse culture, and thriving economy. One crucial aspect of leasing commercial properties in Miami-Dade Florida is the Nondisturbance and Attornment Agreement with the landlord. A Nondisturbance and Attornment Agreement, commonly referred to as an N&A Agreement, is a legal contract that protects the rights of tenants in the event of a change in the landlord's ownership or foreclosure of the property. It ensures that the tenant's lease and occupancy rights will not be disturbed or terminated by these events. In Miami-Dade Florida, there are various types of Nondisturbance and Attornment Agreements depending on the specific needs and circumstances of the parties involved. Some notable types are: 1. Standard Nondisturbance and Attornment Agreement: This is the most common type of agreement where the tenant agrees to recognize and attorn to any new landlord who acquires the property through foreclosure, sale, or any other means. The new landlord, in return, agrees not to disturb the tenant's lease rights and obligations. 2. Subordination and Nondisturbance Agreement (SODA): This agreement includes the subordination clause, which means that the tenant's lease will be subordinate to any mortgage or lien on the property. In the event of foreclosure, the tenant agrees to recognize the new owner or lender and abide by the terms of their lease. 3. Estoppel Certificate: While not technically a Nondisturbance and Attornment Agreement, an Estoppel Certificate is often used in conjunction with it. It is a document provided by the tenant that certifies the state of the lease, including rental amounts, lease duration, and any outstanding obligations. It is used by the new landlord or lender to verify the lease's terms before acquiring the property. 4. Recognition Agreement: This specialized agreement is sometimes used when a tenant is part of a larger building or complex with multiple landlords. It ensures that the tenant recognizes all the landlords as their landlords and agrees to abide by their respective lease terms. It is crucial for both landlords and tenants in Miami-Dade Florida to understand the importance of a Nondisturbance and Attornment Agreement. By having this agreement in place, tenants can protect their lease rights and ensure business continuity, even in the event of changes in property ownership or foreclosure.Miami-Dade Florida is a vibrant county located in southeastern Florida. It is known for its stunning beaches, diverse culture, and thriving economy. One crucial aspect of leasing commercial properties in Miami-Dade Florida is the Nondisturbance and Attornment Agreement with the landlord. A Nondisturbance and Attornment Agreement, commonly referred to as an N&A Agreement, is a legal contract that protects the rights of tenants in the event of a change in the landlord's ownership or foreclosure of the property. It ensures that the tenant's lease and occupancy rights will not be disturbed or terminated by these events. In Miami-Dade Florida, there are various types of Nondisturbance and Attornment Agreements depending on the specific needs and circumstances of the parties involved. Some notable types are: 1. Standard Nondisturbance and Attornment Agreement: This is the most common type of agreement where the tenant agrees to recognize and attorn to any new landlord who acquires the property through foreclosure, sale, or any other means. The new landlord, in return, agrees not to disturb the tenant's lease rights and obligations. 2. Subordination and Nondisturbance Agreement (SODA): This agreement includes the subordination clause, which means that the tenant's lease will be subordinate to any mortgage or lien on the property. In the event of foreclosure, the tenant agrees to recognize the new owner or lender and abide by the terms of their lease. 3. Estoppel Certificate: While not technically a Nondisturbance and Attornment Agreement, an Estoppel Certificate is often used in conjunction with it. It is a document provided by the tenant that certifies the state of the lease, including rental amounts, lease duration, and any outstanding obligations. It is used by the new landlord or lender to verify the lease's terms before acquiring the property. 4. Recognition Agreement: This specialized agreement is sometimes used when a tenant is part of a larger building or complex with multiple landlords. It ensures that the tenant recognizes all the landlords as their landlords and agrees to abide by their respective lease terms. It is crucial for both landlords and tenants in Miami-Dade Florida to understand the importance of a Nondisturbance and Attornment Agreement. By having this agreement in place, tenants can protect their lease rights and ensure business continuity, even in the event of changes in property ownership or foreclosure.
