District of Columbia Sample Subordination, Nondisturbance, and Attornment Agreement is a legally binding document that outlines the rights and obligations of parties involved in a real estate transaction involving a leasehold interest. This agreement ensures that the interests of all parties, including the tenant, landlord, and any lenders or subsequent purchasers, are protected. In the District of Columbia, there are various types of Sample Subordination, Nondisturbance, and Attornment Agreements, each tailored to specific circumstances. Some common types include commercial lease subordination agreements, leasehold mortgage subordination agreements, and lender attornment agreements. A commercial lease subordination agreement is used when a tenant with a lease wishes to subordinate their leasehold interest to a future mortgage lender. This allows the lender to take priority over the tenant's rights in the event of foreclosure, ensuring that the lender's interests are safeguarded. A leasehold mortgage subordination agreement is utilized when a tenant with an existing lease wishes to obtain financing secured by their leasehold interest. In this scenario, the tenant agrees to subordinate their leasehold interest to the mortgage lender, granting the lender priority in case of default or foreclosure. A lender attornment agreement is applicable when a landlord transfers or assigns their interest in the leased property to a new owner or lender. This agreement ensures that the tenant attorns to the new owner or lender, recognizing them as the new landlord or mortgagee and agrees to abide by the terms of the lease. A District of Columbia Sample Subordination, Nondisturbance, and Attornment Agreement typically includes relevant keywords such as "subordination," "nondisturbance," "attornment," "leasehold interest," "tenant," "landlord," "lender," "lease," "mortgage," "foreclosure," "priority," "financing," "default," "assignment," and "attornment." These keywords are crucial in ensuring the document accurately represents the intended legal relations between all parties involved in the real estate transaction.
District of Columbia Sample Subordination, Nondisturbance and Attornment Agreement
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