LIENS AND SALES. Owner may encumber the premises by mortgages, deeds of trust or other financing instruments, and any such instruments so given shall be superior to the rights of resident herein. Foreclosure of any instrument shall not constitute a constructive eviction of resident and resident agrees to attorn to the purchaser at any foreclosure or sale as if this Agreement was between resident and such purchaser directly. Any sales of the Premises or of the building of which the Premises are a part shall not affect this Agreement or any of the obligations of resident hereunder, but upon such sale, the prior owner of the Property shall be released from all obligations hereunder and Resident shall look solely to the then owner of the Property for the performance of Owner’s duties hereunder after the date of such sale.
Appears in 3 contracts
Samples: Independent Living Agreement, Independent Living Agreement, Independent Living Agreement
LIENS AND SALES. Owner Landlord may encumber the premises by mortgages, deeds of trust or other financing instruments, and any such instruments instrument so given shall be superior to the rights of resident herein. Foreclosure of any such instrument shall not constitute a constructive eviction of resident and resident agrees to attorn to the purchaser at any such foreclosure or sale as if this Agreement was between resident and such purchaser directly. Any sales sale of the Premises or of the building of which the Premises premises are a part shall not affect this Agreement or any of the obligations of resident hereunder, but upon such sale, the prior owner of the Property shall be released from all obligations hereunder and Resident resident shall look solely to the then owner of the Property for the performance of OwnerLandlord’s duties hereunder after the date of such sale.
Appears in 1 contract
Samples: Apartment Lease/Rental Agreement
LIENS AND SALES. Owner may encumber mortgage the premises by mortgagesPremises or Property or grant, deeds of trust with respect thereto, or other financing instruments, and any such instruments instrument so given shall be superior to the rights of resident herein. Foreclosure of any such instrument shall not constitute a constructive eviction of resident and resident agrees to attorn the transfer of lease agreement rights to the purchaser at any such foreclosure or sale as if this Agreement was between resident and such purchaser directly. Any sales sale of the Premises or of the building of which the Premises premises are a part shall not affect this Agreement or any of the obligations of resident hereunder, but upon such sale, the prior owner of the Property shall be released from all obligations hereunder and Resident shall look solely to the then owner of the Property for the performance of Owner’s duties hereunder after the date of such sale.all
Appears in 1 contract
Samples: Apartment Lease/Rental Agreement
LIENS AND SALES. Owner may encumber the premises by mortgages, deeds of trust or other financing instruments, and any such instruments instrument so given shall be superior to the rights of resident herein. Foreclosure of any such instrument shall not constitute a constructive eviction of resident and resident agrees to attorn to the purchaser at any such foreclosure or sale as if this Agreement was between resident and such purchaser directly. Any sales sale of the Premises or of the building of which the Premises are a part shall not affect this Agreement or any of the obligations of resident hereunder, but upon such sale, the prior owner of the Property shall be released from all obligations hereunder and Resident resident shall look solely to the then owner of the Property for the performance of Owner’s duties hereunder after the date of such sale.
Appears in 1 contract
Samples: Residential Lease Agreement