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.
Phoenix Arizona Nondisturbance and Attornment Agreement With Landlord is a legal document that establishes the rights and obligations of tenants and landlords in the event of a change in ownership or foreclosure of the property. This agreement ensures that the tenant's rights are protected and that they can continue to occupy the premises undisturbed by any change in ownership. In Phoenix, Arizona, there are various types of Nondisturbance and Attornment Agreements that tenants and landlords can enter into to protect their interests. Some common types include: 1. Standard Nondisturbance and Attornment Agreement: This is the most basic form of the agreement that ensures the tenant's lease will not be disturbed in case of a change in property ownership or foreclosure. It guarantees the tenant's right to continue occupying the premises and outlines the obligations of the new landlord. 2. Subordination, Non-Disturbance, and Attornment Agreement (SODA): This type of agreement is typically used when the tenant has a lease that is subordinate to a mortgage or other liens on the property. It establishes the priority of the lease in case of foreclosure and assures the tenant that their lease will not be disturbed. 3. Nondisturbance and Attornment Agreement in a Lease Assignment: This type of agreement is relevant when a tenant assigns its lease to a new tenant. It protects the rights of the new tenant and ensures that their occupancy will not be disturbed by the landlord or any future changes in property ownership. 4. Nondisturbance and Attornment Agreement with Distressed Property: When a property is in financial distress and facing foreclosure, tenants may negotiate a specific Nondisturbance and Attornment Agreement to prevent eviction and maintain their lease terms and rights. In summary, a Phoenix Arizona Nondisturbance and Attornment Agreement With Landlord is a vital document that safeguards the rights and interests of tenants in the event of a change in property ownership or foreclosure. These agreements ensure uninterrupted occupancy and outline the obligations of the new landlord. The specific type of agreement may vary depending on the circumstances, including lease priority, lease assignment, or distressed property situations.Phoenix Arizona Nondisturbance and Attornment Agreement With Landlord is a legal document that establishes the rights and obligations of tenants and landlords in the event of a change in ownership or foreclosure of the property. This agreement ensures that the tenant's rights are protected and that they can continue to occupy the premises undisturbed by any change in ownership. In Phoenix, Arizona, there are various types of Nondisturbance and Attornment Agreements that tenants and landlords can enter into to protect their interests. Some common types include: 1. Standard Nondisturbance and Attornment Agreement: This is the most basic form of the agreement that ensures the tenant's lease will not be disturbed in case of a change in property ownership or foreclosure. It guarantees the tenant's right to continue occupying the premises and outlines the obligations of the new landlord. 2. Subordination, Non-Disturbance, and Attornment Agreement (SODA): This type of agreement is typically used when the tenant has a lease that is subordinate to a mortgage or other liens on the property. It establishes the priority of the lease in case of foreclosure and assures the tenant that their lease will not be disturbed. 3. Nondisturbance and Attornment Agreement in a Lease Assignment: This type of agreement is relevant when a tenant assigns its lease to a new tenant. It protects the rights of the new tenant and ensures that their occupancy will not be disturbed by the landlord or any future changes in property ownership. 4. Nondisturbance and Attornment Agreement with Distressed Property: When a property is in financial distress and facing foreclosure, tenants may negotiate a specific Nondisturbance and Attornment Agreement to prevent eviction and maintain their lease terms and rights. In summary, a Phoenix Arizona Nondisturbance and Attornment Agreement With Landlord is a vital document that safeguards the rights and interests of tenants in the event of a change in property ownership or foreclosure. These agreements ensure uninterrupted occupancy and outline the obligations of the new landlord. The specific type of agreement may vary depending on the circumstances, including lease priority, lease assignment, or distressed property situations.
