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.
Philadelphia Pennsylvania Nondisturbance and Attornment Agreement With Landlord is a legal document that outlines the rights and obligations of tenants in Philadelphia when there is a change in ownership or foreclosure of the property they are renting. It provides protection to tenants from being disturbed or evicted by the new landlord in case of such events. In Philadelphia, there are primarily three types of Nondisturbance and Attornment Agreements with Landlords: 1. Standard Nondisturbance and Attornment Agreement: This is the most common type of agreement used in Philadelphia. It ensures that the rights of the tenants will not be affected by any change in the ownership or foreclosure of the property. Under this agreement, tenants are guaranteed the right to continue their lease term and enjoy all the provisions and benefits provided by the original lease. 2. Subordination, Nondisturbance, and Attornment Agreement (SODA): This type of agreement is often used when there is a mortgage on the property. It specifies the relationship between the landlord, tenant, and lender. In case of foreclosure, the lender agrees to respect the tenant's rights and produce a 'nondisturbance' in return for the tenant's agreement to subordinate their lease to the lender's interest. 3. Estoppel Certificate: Although not strictly categorized as a Nondisturbance and Attornment Agreement, an estoppel certificate is often required by lenders or new landlords to confirm certain details of a lease agreement. It is a document signed by the tenant certifying the terms and conditions of their lease, rental amount, and any other pertinent details. This document helps lenders affirm the status and validity of the lease during a property sale or change in ownership. In Philadelphia, these agreements serve as crucial protections for tenants, ensuring their lease terms and rights are not compromised by changes in property ownership or foreclosure. It is essential for both landlords and tenants to understand and execute these agreements to avoid any potential disputes or disruptions in the tenancy.Philadelphia Pennsylvania Nondisturbance and Attornment Agreement With Landlord is a legal document that outlines the rights and obligations of tenants in Philadelphia when there is a change in ownership or foreclosure of the property they are renting. It provides protection to tenants from being disturbed or evicted by the new landlord in case of such events. In Philadelphia, there are primarily three types of Nondisturbance and Attornment Agreements with Landlords: 1. Standard Nondisturbance and Attornment Agreement: This is the most common type of agreement used in Philadelphia. It ensures that the rights of the tenants will not be affected by any change in the ownership or foreclosure of the property. Under this agreement, tenants are guaranteed the right to continue their lease term and enjoy all the provisions and benefits provided by the original lease. 2. Subordination, Nondisturbance, and Attornment Agreement (SODA): This type of agreement is often used when there is a mortgage on the property. It specifies the relationship between the landlord, tenant, and lender. In case of foreclosure, the lender agrees to respect the tenant's rights and produce a 'nondisturbance' in return for the tenant's agreement to subordinate their lease to the lender's interest. 3. Estoppel Certificate: Although not strictly categorized as a Nondisturbance and Attornment Agreement, an estoppel certificate is often required by lenders or new landlords to confirm certain details of a lease agreement. It is a document signed by the tenant certifying the terms and conditions of their lease, rental amount, and any other pertinent details. This document helps lenders affirm the status and validity of the lease during a property sale or change in ownership. In Philadelphia, these agreements serve as crucial protections for tenants, ensuring their lease terms and rights are not compromised by changes in property ownership or foreclosure. It is essential for both landlords and tenants to understand and execute these agreements to avoid any potential disputes or disruptions in the tenancy.
