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.
Puerto Rico Nondisturbance Provision — Tenant Friendly is a legal clause aimed at protecting tenants' rights during property ownership transfers or changes in mortgage terms. It provides assurance to tenants that their lease agreement will be honored and not interfered with by any potential disruptions or termination caused by the actions of the landlord's lender or new property owner. With this provision, tenants can rest assured that they will remain unaffected by any potential foreclosure, property sale, or default situations. It ensures their right to continue occupying the premises and the continuation of lease terms as agreed upon initially. This non-disturbance provision is often included in lease agreements to offer tenants a sense of security and stability. The Puerto Rico Nondisturbance Provision — Tenant Friendly can be classified into different types based on their scope and extent of protection. These may include: 1. Partial Nondisturbance Provision: This type of provision ensures that tenants' rights remain intact, but it may come with certain limitations. For instance, it may protect the tenants' rights only until a certain stage of foreclosure proceedings or during specific circumstances. 2. Automatic Nondisturbance Provision: In this type, the non-disturbance clause is automatically triggered as soon as the tenant signs the lease agreement. It provides immediate protection to tenants without any further conditions or negotiations. 3. Negotiated Nondisturbance Provision: This type of provision is subject to negotiation between the tenant and landlord. Both parties may have an opportunity to modify or add clauses to better suit their specific needs and circumstances, ensuring a fair arrangement for all parties involved. 4. Multi-Level Nondisturbance Provision: In some cases, a multi-level or tiered non-disturbance provision may be used. This involves granting different degrees of protection to tenants based on their tenure or lease duration. Established long-term tenants may receive more comprehensive protection compared to short-term or new tenants. In conclusion, the Puerto Rico Nondisturbance Provision — Tenant Friendly is a critical legal clause designed to safeguard tenants' rights and provide them with peace of mind during property ownership transfers or mortgage changes. Tenants should be aware of the different types of non-disturbance provisions available and carefully review their lease agreements to ensure adequate protection for their occupancy rights.
