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If there’s no attornment provision, you might face some uncertainties if your landlord sells the property. The new owner might not be bound by your lease terms, which could create a sticky situation. It’s better to have a safety net!
No, it’s not legally required, but it is highly recommended. It provides peace of mind and helps everyone know where they stand. No one wants surprises when it comes to housing!
You should clearly state the rights and obligations of both the tenant and the landlord. Include what happens in case the property changes ownership and how tenants should proceed with rent payments. Think of it as laying down the law for all parties involved.
Yes, it can be removed if both the landlord and the tenant agree to it in writing. Just remember, this could leave some gaps in protection and might not be the best idea!
This provision is key for subtenants as it protects their rights when ownership changes hands. It ensures that you're not left high and dry if your landlord sells the place. You get to stay and keep living your life.