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 Suffolk New York Nondisturbance and Attornment Agreement with a landlord is a legal document that safeguards the rights of a commercial tenant in the event of a change in ownership or foreclosure of the leased property. This agreement ensures that the tenant's rights are respected and that their lease will continue uninterrupted regardless of any changes in property ownership. In Suffolk County, New York, there are various types of Nondisturbance and Attornment Agreements that can be tailored to meet specific circumstances. Below are some common types: 1. Standard Suffolk New York Nondisturbance and Attornment Agreement: This is a basic agreement that outlines the tenant's right to undisturbed possession and use of the leased premises, regardless of the landlord's actions or changes in property ownership. It establishes a direct relationship between the tenant and any new landlord who acquires the property. 2. Subordination Suffolk New York Nondisturbance and Attornment Agreement: This type of agreement is applicable when the tenant's lease is subordinate to a pre-existing mortgage or lien on the property. It ensures that the tenant recognizes the priority of the mortgage or lien over their lease and agrees to attorn to the new owner in case of foreclosure. 3. Estoppel Suffolk New York Nondisturbance and Attornment Agreement: Estoppel agreements are usually signed by tenants when they request financial assistance or are seeking a new lease with improved terms. This agreement certifies the current status of the lease and confirms that there are no undisclosed defaults or lease violations. It provides assurance to potential lenders, investors, or purchasers about the tenant's obligations and the stability of the lease. 4. Partial Subordination Suffolk New York Nondisturbance and Attornment Agreement: In cases where a property has multiple tenants with different lease terms, this agreement allows the landlord to subordinate the rights of certain tenants to others. The landlord can specify which tenants have priority in case of foreclosure or property transfer while remaining subject to the undisturbed rights of all other tenants. In summary, a Suffolk New York Nondisturbance and Attornment Agreement with a landlord ensures that commercial tenants have legal protection and continuity of their lease in various circumstances. These agreements allow tenants to feel secure in their occupancy rights despite changes in property ownership, foreclosures, or mortgage liens.A Suffolk New York Nondisturbance and Attornment Agreement with a landlord is a legal document that safeguards the rights of a commercial tenant in the event of a change in ownership or foreclosure of the leased property. This agreement ensures that the tenant's rights are respected and that their lease will continue uninterrupted regardless of any changes in property ownership. In Suffolk County, New York, there are various types of Nondisturbance and Attornment Agreements that can be tailored to meet specific circumstances. Below are some common types: 1. Standard Suffolk New York Nondisturbance and Attornment Agreement: This is a basic agreement that outlines the tenant's right to undisturbed possession and use of the leased premises, regardless of the landlord's actions or changes in property ownership. It establishes a direct relationship between the tenant and any new landlord who acquires the property. 2. Subordination Suffolk New York Nondisturbance and Attornment Agreement: This type of agreement is applicable when the tenant's lease is subordinate to a pre-existing mortgage or lien on the property. It ensures that the tenant recognizes the priority of the mortgage or lien over their lease and agrees to attorn to the new owner in case of foreclosure. 3. Estoppel Suffolk New York Nondisturbance and Attornment Agreement: Estoppel agreements are usually signed by tenants when they request financial assistance or are seeking a new lease with improved terms. This agreement certifies the current status of the lease and confirms that there are no undisclosed defaults or lease violations. It provides assurance to potential lenders, investors, or purchasers about the tenant's obligations and the stability of the lease. 4. Partial Subordination Suffolk New York Nondisturbance and Attornment Agreement: In cases where a property has multiple tenants with different lease terms, this agreement allows the landlord to subordinate the rights of certain tenants to others. The landlord can specify which tenants have priority in case of foreclosure or property transfer while remaining subject to the undisturbed rights of all other tenants. In summary, a Suffolk New York Nondisturbance and Attornment Agreement with a landlord ensures that commercial tenants have legal protection and continuity of their lease in various circumstances. These agreements allow tenants to feel secure in their occupancy rights despite changes in property ownership, foreclosures, or mortgage liens.
