San Antonio Texas Contrato de Subordinación y Apertura - Arrendador - Arrendatario - Prestamista - Subordination and Attornment Agreement - Landlord - Tenant - Lender

State:
Multi-State
City:
San Antonio
Control #:
US-XS-0014
Format:
Word
Instant download

Description

Acuerdo de subordinación detallado y attorment en relación con el préstamo al Propietario por parte del Prestamista A San Antonio Texas Subordination and Attornment Agreement is a legal document that outlines the relationship among the landlord, tenant, and lender in the context of a property lease. This agreement is significant when the tenant enters into a lease agreement on a property that is subject to a mortgage or loan. In this agreement, the tenant (also referred to as the subtenant) acknowledges the rights of the lender over the property and agrees to subordinate its leasehold interest to the lender's mortgage or loan. Subordinating means that if the landlord defaults on their loan, the lender will have priority in terms of rights and claims over the property. The tenant essentially agrees to comply with any changes or actions taken by the lender that affect the property, even if it may disrupt the tenant's rights or leasehold interest. The San Antonio Texas Subordination and Attornment Agreement typically contains several key provisions and terms: 1. Identification of parties: The agreement will clearly identify the landlord, tenant (subtenant), and lender involved in the agreement. 2. Property details: The agreement will include a detailed description of the property, outlining its legal description, address, and any related information necessary for identification. 3. Lease and loan details: The agreement will outline the terms of the existing lease between the landlord and tenant as well as the loan or mortgage between the landlord and lender. 4. Subordination clause: This clause is the core aspect of the agreement, stating that the tenant agrees to subordinate its leasehold interest to the lender's mortgage or loan. 5. Attornment clause: This clause states that in the event of default by the landlord, the tenant will attorn (recognize) and continue the lease with the lender as the new landlord. This ensures that the lender can step in and enforce the terms of the lease even after acquiring the property through foreclosure or other means. 6. Waiver of rights: The tenant may be required to waive certain rights, such as the right to terminate the lease in case of landlord default, or the right to notice regarding the status of the loan. 7. Notice provisions: The agreement will include provisions regarding how notices and communications should be delivered between the parties. Different types of San Antonio Texas Subordination and Attornment Agreements may exist depending on specific circumstances, such as: 1. Commercial Subordination and Attornment Agreement: This agreement is used for commercial properties where the tenant is a business entity or corporation. 2. Residential Subordination and Attornment Agreement: This agreement is designed for residential properties, typically involving individual tenants or families. It is important to note that the specific content and provisions of a San Antonio Texas Subordination and Attornment Agreement can vary depending on the negotiated terms between the parties and the requirements of local law.

A San Antonio Texas Subordination and Attornment Agreement is a legal document that outlines the relationship among the landlord, tenant, and lender in the context of a property lease. This agreement is significant when the tenant enters into a lease agreement on a property that is subject to a mortgage or loan. In this agreement, the tenant (also referred to as the subtenant) acknowledges the rights of the lender over the property and agrees to subordinate its leasehold interest to the lender's mortgage or loan. Subordinating means that if the landlord defaults on their loan, the lender will have priority in terms of rights and claims over the property. The tenant essentially agrees to comply with any changes or actions taken by the lender that affect the property, even if it may disrupt the tenant's rights or leasehold interest. The San Antonio Texas Subordination and Attornment Agreement typically contains several key provisions and terms: 1. Identification of parties: The agreement will clearly identify the landlord, tenant (subtenant), and lender involved in the agreement. 2. Property details: The agreement will include a detailed description of the property, outlining its legal description, address, and any related information necessary for identification. 3. Lease and loan details: The agreement will outline the terms of the existing lease between the landlord and tenant as well as the loan or mortgage between the landlord and lender. 4. Subordination clause: This clause is the core aspect of the agreement, stating that the tenant agrees to subordinate its leasehold interest to the lender's mortgage or loan. 5. Attornment clause: This clause states that in the event of default by the landlord, the tenant will attorn (recognize) and continue the lease with the lender as the new landlord. This ensures that the lender can step in and enforce the terms of the lease even after acquiring the property through foreclosure or other means. 6. Waiver of rights: The tenant may be required to waive certain rights, such as the right to terminate the lease in case of landlord default, or the right to notice regarding the status of the loan. 7. Notice provisions: The agreement will include provisions regarding how notices and communications should be delivered between the parties. Different types of San Antonio Texas Subordination and Attornment Agreements may exist depending on specific circumstances, such as: 1. Commercial Subordination and Attornment Agreement: This agreement is used for commercial properties where the tenant is a business entity or corporation. 2. Residential Subordination and Attornment Agreement: This agreement is designed for residential properties, typically involving individual tenants or families. It is important to note that the specific content and provisions of a San Antonio Texas Subordination and Attornment Agreement can vary depending on the negotiated terms between the parties and the requirements of local law.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
Free preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview

How to fill out San Antonio Texas Contrato De Subordinación Y Apertura - Arrendador - Arrendatario - Prestamista?

Preparing legal documentation can be burdensome. In addition, if you decide to ask an attorney to write a commercial contract, papers for proprietorship transfer, pre-marital agreement, divorce paperwork, or the San Antonio Subordination and Attornment Agreement - Landlord - Tenant - Lender, it may cost you a lot of money. So what is the most reasonable way to save time and money and create legitimate forms in total compliance with your state and local laws and regulations? US Legal Forms is a great solution, whether you're searching for templates for your personal or business needs.

US Legal Forms is the most extensive online collection of state-specific legal documents, providing users with the up-to-date and professionally verified forms for any use case collected all in one place. Consequently, if you need the latest version of the San Antonio Subordination and Attornment Agreement - Landlord - Tenant - Lender, you can easily locate it on our platform. Obtaining the papers takes a minimum of time. Those who already have an account should check their subscription to be valid, log in, and pick the sample by clicking on the Download button. If you haven't subscribed yet, here's how you can get the San Antonio Subordination and Attornment Agreement - Landlord - Tenant - Lender:

  1. Glance through the page and verify there is a sample for your area.
  2. Check the form description and use the Preview option, if available, to ensure it's the template you need.
  3. Don't worry if the form doesn't satisfy your requirements - look for the right one in the header.
  4. Click Buy Now once you find the required sample and choose the best suitable subscription.
  5. Log in or register for an account to pay for your subscription.
  6. Make a transaction with a credit card or via PayPal.
  7. Choose the file format for your San Antonio Subordination and Attornment Agreement - Landlord - Tenant - Lender and download it.

When done, you can print it out and complete it on paper or import the samples to an online editor for a faster and more practical fill-out. US Legal Forms enables you to use all the paperwork ever acquired multiple times - you can find your templates in the My Forms tab in your profile. Try it out now!

Trusted and secure by over 3 million people of the world’s leading companies

San Antonio Texas Contrato de Subordinación y Apertura - Arrendador - Arrendatario - Prestamista