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Absolutely! Negotiating the attornment provision is like hammering out the details of a handshake deal; both parties should agree on the terms to avoid future hiccups.
If the attornment provision is missing, you might face uncertainty during a property sale. It’s like dancing without music; things can get awkward for everyone involved.
Yes, attornment can impact your rights. It means you're legally acknowledging the new landlord, which can solidify your tenancy and help prevent eviction in a property sale.
Look for clarity on the conditions under which attornment happens, rights of both parties, and any options that may be available if things go south. It’s like reading a map before starting your journey.
Generally, a sublessee cannot refuse to attorn if the lease includes an attornment clause. It's akin to being on a train; when it changes tracks, you need to go along for the ride.
Attornment is crucial because it protects the sublessee's rights and ensures they don't have to start over if the property changes hands. It's like saying, 'I've got your back, no matter who owns the place.'
The attornment provision in a sublease means that if the landlord sells the property, the new owner can step into the shoes of the landlord, and the tenant agrees to keep paying rent to them.