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 San Antonio Texas Nondisturbance and Attornment Agreement with Landlord is a legally binding contract that protects tenants' rights in the event of a change in ownership or foreclosure of a property. This agreement ensures that tenants will not be disturbed and their leases will remain in full force and effect, regardless of any changes in ownership. In San Antonio, there are two main types of Nondisturbance and Attornment Agreements with Landlords: 1. Standard Nondisturbance and Attornment Agreement: This type of agreement is commonly used in commercial leases. It ensures that, in the event of foreclosure or change in ownership, the new landlord will recognize the existing lease agreement and honor all the rights and obligations outlined in it. This agreement provides security and stability for tenants, assuring them that their tenancy will continue uninterrupted. Keywords: San Antonio Texas, Nondisturbance and Attornment Agreement, Landlord, tenants' rights, change in ownership, foreclosure, property, leases, full force and effect, commercial leases, new landlord, existing lease agreement, rights and obligations, security, stability, uninterrupted tenancy. 2. Subordination Nondisturbance and Attornment Agreement: This type of agreement is often used in situations where a tenant's lease is subordinate to a mortgage or another form of financing. The Subordination Agreement ensures that if the property is foreclosed upon or sold, the tenant becomes attorned to the new owner and recognizes the new owner as the landlord, while maintaining their lease rights and obligations. Keywords: San Antonio Texas, Nondisturbance and Attornment Agreement, Landlord, tenant's lease, mortgage, financing, property, foreclosure, sold, attorned, new owner, lease rights and obligations. Overall, a San Antonio Texas Nondisturbance and Attornment Agreement with Landlord is crucial for both commercial and residential tenants, as it ensures continuity of their lease agreements and protects their occupancy rights in the face of changes in property ownership or foreclosure. These agreements provide stability and peace of mind to tenants, allowing them to focus on their business operations or enjoying their living spaces without worrying about disruptions caused by ownership transitions.A San Antonio Texas Nondisturbance and Attornment Agreement with Landlord is a legally binding contract that protects tenants' rights in the event of a change in ownership or foreclosure of a property. This agreement ensures that tenants will not be disturbed and their leases will remain in full force and effect, regardless of any changes in ownership. In San Antonio, there are two main types of Nondisturbance and Attornment Agreements with Landlords: 1. Standard Nondisturbance and Attornment Agreement: This type of agreement is commonly used in commercial leases. It ensures that, in the event of foreclosure or change in ownership, the new landlord will recognize the existing lease agreement and honor all the rights and obligations outlined in it. This agreement provides security and stability for tenants, assuring them that their tenancy will continue uninterrupted. Keywords: San Antonio Texas, Nondisturbance and Attornment Agreement, Landlord, tenants' rights, change in ownership, foreclosure, property, leases, full force and effect, commercial leases, new landlord, existing lease agreement, rights and obligations, security, stability, uninterrupted tenancy. 2. Subordination Nondisturbance and Attornment Agreement: This type of agreement is often used in situations where a tenant's lease is subordinate to a mortgage or another form of financing. The Subordination Agreement ensures that if the property is foreclosed upon or sold, the tenant becomes attorned to the new owner and recognizes the new owner as the landlord, while maintaining their lease rights and obligations. Keywords: San Antonio Texas, Nondisturbance and Attornment Agreement, Landlord, tenant's lease, mortgage, financing, property, foreclosure, sold, attorned, new owner, lease rights and obligations. Overall, a San Antonio Texas Nondisturbance and Attornment Agreement with Landlord is crucial for both commercial and residential tenants, as it ensures continuity of their lease agreements and protects their occupancy rights in the face of changes in property ownership or foreclosure. These agreements provide stability and peace of mind to tenants, allowing them to focus on their business operations or enjoying their living spaces without worrying about disruptions caused by ownership transitions.
