This office lease form shall be subject and subordinate to all present and future ground leases, overriding leases or underlying leases and/or grants of term of the Land and/or the building or the portion thereof in which the Demised Premises are located. This Section shall be self-operative and no further instrument of subordination shall be required. This form also states that the landlord and the tenant agree to share equally all costs incurred in connection with obtaining any Non-disturbance Agreement from the existing superior lessors or superior mortgagees.
North Dakota Nondisturbance Provision — Tenant Friendly is a legal clause that aims to protect tenants' rights and interests in the event of lease termination or property foreclosure. This provision grants tenants the right to remain on the leased property and continue their occupancy even if the property is sold or foreclosed upon. The North Dakota Nondisturbance Provision — Tenant Friendly is designed to ensure tenants do not face immediate eviction or disruption in their business operations due to foreclosure proceedings. This provision is applicable to commercial leases, empowering tenants with the assurance of stability and continuity in their tenancy. This tenant-friendly provision in North Dakota recognizes the importance of tenant businesses, allowing them to operate without disturbance and continue to contribute to the local economy. It offers a vital layer of protection in situations where a landlord defaults on their mortgage or sells the property, ultimately safeguarding the tenant's rights and lease agreement. There are different types of North Dakota Nondisturbance Provisions that tenants can explore, including: 1. Lease Nondisturbance Agreement: This provision is typically included as a separate document or as an addendum to the lease agreement. It grants protection to the tenant by ensuring their rights are acknowledged and preserved even if the property undergoes foreclosure or a change in ownership. 2. Estoppel Certificate: This document is often required during a property sale where the tenant confirms the details of the existing lease agreement and any provisions regarding nondisturbance. By providing an estoppel certificate, tenants affirm their rights and acknowledge the terms that will remain valid despite a change in ownership. 3. Tenant Estoppel Letter: Similar to an estoppel certificate, this is a formal letter issued by the tenant that confirms the details of their lease agreement and highlights the nondisturbance provision. This document provides clarity to potential buyers or lenders about the tenant's entitlement to remaining on the property under the terms of their lease. Overall, the North Dakota Nondisturbance Provision — Tenant Friendly is a vital legal safeguard for tenants. It ensures their occupancy rights and business operation continuity are respected and protected even in uncertain situations such as foreclosure or a change in property ownership.
