Delaware Attornment Provision in a Sublease

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This office lease is extremely harsh on the subtenant and grants no non-disturbance rights or any other protections.

Delaware Attornment Provision in a sublease is a crucial legal clause that outlines the tenant's consent to recognize and attorn to a new landlord in the event of a transfer of the leased property. This provision is particularly significant in Delaware, as it helps protect the rights and interests of all parties involved in a sublease agreement. The Delaware Attornment Provision ensures that if the original landlord transfers their interest in the property to a new owner, the subtenant (the tenant of the original tenant) must acknowledge and accept the new landlord. This provision is designed to prevent any disruptions or uncertainties in the subtenant's occupancy or lease agreement. Having a Delaware Attornment Provision in a sublease provides security to both the subtenant and the new owner in case of a transfer. The provision aims to eliminate any potential disputes regarding the sublease's validity or the subtenant's obligation to the new landlord. It solidifies the subtenant's recognition of the new landlord as the rightful owner and provides reassurance that the terms of the sublease will remain intact under the new ownership. There are various types of Delaware Attornment Provisions that can be included in a sublease agreement, depending on the specific circumstances and preferences of the parties involved. Some common types include: 1. Basic Attornment Provision: This is a straightforward provision that obliges the subtenant to attorn to any new landlord upon a transfer of ownership, regardless of the specific details of the transfer. 2. Limited Attornment Provision: This provision places limitations or conditions on the subtenant's obligation to recognize and attorn to a new landlord. For example, it may specify that the subtenant's attornment is only required if the new landlord agrees to honor the terms of the existing sublease. 3. Specialized Attornment Provision: In certain cases, the sublease may include a provision tailored to a specific situation, such as when the subtenant is an assignee of the original tenant. This provision would define the subtenant's attornment obligations in light of their assignee status. 4. Non-Attornment Provision: Although uncommon, a sublease agreement may contain a clause explicitly stating the subtenant's refusal to attorn to any new landlord. This provision may be included to provide the subtenant with additional protection or leverage in negotiating with a potential new owner. In conclusion, the Delaware Attornment Provision in a sublease is an essential component that safeguards the rights and responsibilities of the subtenant, original tenant, and the new landlord in case of a transfer of ownership. It ensures a smooth transition and provides clarity regarding the subtenant's allegiance to the new landlord. Depending on the unique circumstances, various types of Attornment Provisions can be incorporated into a sublease to address specific needs and preferences of the parties involved.

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FAQ

With the sublease clause, the tenant transfers property rights to a subtenant while maintaining liability over the property. This means that if the subtenant doesn't pay their rent, you may be the one responsible for those payments, or you'll be found in default.

An assignment occurs when a tenant transfers all of its rights and obligations under the term of the lease to another individual or entity for the entire remaining term of the lease. Essentially, the new tenant takes the place of the old tenant and releases the old tenant of its obligations to the landlord.

The attornment clause requires tenants to acknowledge any new owner of the property as the landlord.

Sub-letting involves a tenant leasing out all or part of their premises to a third party. Under a sub-letting agreement, the rights and obligations created under the initial lease remain in force. An assignment involves transferring the lease from one party to another.

If the lessee transfers his or her entire remaining interest in the tenancy, then the transfer is known as an assignment. If the lessee transfers only part of his or her interest, then the transfer is known as a sublease.

Both assignment and subleasing require specific written approval of the landlordneither assignment nor subleasing relieve the former tenant of liability. when you sublet a lease, you're no longer liable for lease payments, even if the new tenant doesn't pay rent.

§ 5508. Landlord remedies; restrictions on subleasing and assignments. (a) Unless otherwise agreed in writing, the tenant may sublet the premises or assign the rental agreement to another. (b) The rental agreement may restrict or prohibit the tenant's right to assign the rental agreement in any manner.

An assignment is a complete transfer of the tenant's remaining lease term. Any transfer for less than the entire duration of the lease is a sublease.

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1. Attornment. Master Landlord hereby succeeds to the "Sublandlord's" interest under the Sublease, and Subtenant hereby attorns to Master Landlord, as if the ... 2. General Provisions. (a) By execution hereof, Tenant ratifies the Lease, Subtenant acknowledges that it has received a complete and correct copy of the Lease ...Attornment.If the Original Sublease or Atara's right to possession thereunder terminates for any reason prior to expiration of the Atara Sublease, ... Subtenant shall peaceably surrender the Premises to Sublandlord upon expiration or earlier termination of this Sublease, in broom-clean condition and in as good ... THIS CONSENT TO SUBLEASE AGREEMENT (this "Agreement") is made as of October 28, 2022, by and among HCP LS BRISBANE, LLC, a Delaware limited liability ... If the AltaSea Lease terminates for any reason, provided that Subtenant is not in default under the Sublease (after expiration of any applicable notice and cure ... THIS CONSENT TO SUBLEASE (“Consent Agreement”) is entered into as of May 13, 2016, by and among PR 701 GATEWAY, LLC, a Delaware limited liability company (“ ... The interrelationship between the lease, sublease, attornment and lease extension define the rights and interests of Olds and Unisys. Paragraph. 10.02 of the ... This provision is self-operative upon demand for attornment, whether or not, as a matter of applicable law, the Sublease may terminate upon the expiration or ... The Sublease will commence upon delivery of possession of the premises to the Subtenant in the condition required by the Sublease, which must be no later than ...

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Delaware Attornment Provision in a Sublease