Sunday, December 7, 2008

LEASING COMMERCIAL SPACE AS A TENANT: PART EIGHT

“SUBORDINATION” AND “NONDISTURBANCE”

When the landlord insists that you agree to allow its lender to subordinate your lease to the lender’s lien, that is, to make the lender’s rights superior to yours, insist on a Anondisturbance” provision requiring the landlord to provide you with an agreement from its lender that if the lender takes over the property it and any of its successors will continue to respect your lease rights so long as you satisfy your lease obligations.

1 comment:

Cugel said...

Nice job Stewart. You have some nice information on here. I never thought to run a title insurance check, but that's a good idea.

If you're going to continue to post articles I'm going to read them.

John