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Resolution No 37-2018 - Approval of Lease Located at 319 Niles Avenue for South Bend Human Rights Commission
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Resolution No 37-2018 - Approval of Lease Located at 319 Niles Avenue for South Bend Human Rights Commission
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4/4/2025 11:10:02 AM
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7/20/2018 10:57:44 AM
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Board of Public Works
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Resolutions
Document Date
7/19/2018
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shall continue in full force and effect at the option of such mortgagee or purchaser under any <br />such foreclosure sale or deed in lieu thereof. The Tenant covenants and agrees that it will, <br />upon the written request of such mortgagee or such purchaser, attorn thereto and execute, <br />acknowledge, and deliver any instrument that has for its purposes and effect subordination of <br />this Lease to said mortgage. <br />9. ASSIGNMENT A D SUBLETTING. <br />A. The Tenant may not assign or transfer all or any part of its rights and interests under <br />this Lease, and may not sublet or permit the use and occupancy of all or any part of the <br />Premises, to or by a third party without the prior written consent of the Landlord. The <br />Landlord's consent under this sub -paragraph shall be in its absolute discretion and subject to <br />such conditions as the Landlord may impose. If the Landlord grants its consent, then all <br />consideration paid or to be paid by such third party, including any amounts in excess of the <br />rent due under this Lease, shall be paid directly to the Landlord, and the Tenant shall be <br />responsible to the Landlord for any such consideration and the rent and other monies due <br />under this Lease. <br />B. The Landlord may transfer and assign, in whole or in part, all of its rights and <br />obligations under this Lease and in the Building and related real estate. After such transfer or <br />assignment, the Landlord named in this Lease will have no further liability to the Tenant under <br />this Lease for the obligations assumed by the assignee or transferee provided, however, the <br />Tenant shall remain liable for the payment of the rent due hereunder until released by the <br />Landlord from such liability. Landlord shall notify Tenant as soon as reasonably possible of <br />any transfer or assignment of rights, or at least 30 days in advance of the next rental due date. <br />i <br />
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