A District of Columbia Non-Disturbance and Attornment Agreement is a legal document designed to provide protection to a tenant leasing property located in the District of Columbia, ensuring their rights are safeguarded in case of a change in ownership or foreclosure of the property. This agreement is commonly used in commercial real estate transactions and acts as an assurance to the tenant that their lease rights will not be interrupted by any future events. Keywords: District of Columbia, non-disturbance, attornment agreement, tenant, leasing property, rights, protection, change in ownership, foreclosure, commercial real estate, transactions, lease rights. There are various types of Non-Disturbance and Attornment Agreements that can be used in the District of Columbia, depending on the specific circumstances and parties involved. Some examples include: 1. Landlord's Non-Disturbance and Attornment Agreement: This agreement is between the landlord and the tenant, where the landlord assures the tenant that their lease rights will not be disrupted if the property is sold, foreclosed, or ownership changes. 2. Lender's Non-Disturbance and Attornment Agreement: This type of agreement involves the lender, the landlord, and the tenant. It ensures that the tenant's lease rights will be recognized and protected by the lender even if the property goes through foreclosure, allowing the tenant to continue operating their business without any interruption. 3. Subordination, Non-Disturbance, and Attornment Agreement (SODA): An SODA combines the elements of a subordination agreement, non-disturbance agreement, and attornment agreement. It establishes the rights and obligations of the tenant, landlord, and lender. The tenant agrees to subordinate their lease to any future mortgages, while the lender agrees to non-disturbance and attornment obligations, safeguarding the tenant's lease rights. In summary, a District of Columbia Non-Disturbance and Attornment Agreement is a critical legal document that protects a tenant's lease rights and ensures their business operations are not hindered due to changes in ownership or foreclosure of the property. Different types of agreements can be used, such as the Landlord's Non-Disturbance and Attornment Agreement, Lender's Non-Disturbance and Attornment Agreement, and Subordination, Non-Disturbance, and Attornment Agreement (SODA).
District of Columbia Non-Disturbance and Attornment Agreement
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