Georgia Sample Subordination, Nondisturbance and Attornment Agreement

• Category: Corporations - Public
• State: Multi-State
• Control #: US-EG-9472
• Format: Word; Rich Text

Description

Subordination, Non-Disturbance and Attornment Agreement between 233 Broadway Owners LLC, Organic and Lehman Brothers Holding, Inc. regarding assurances of possession of premises dated 00/99. 5 pages. A Georgia Sample Subordination, Nondisturbance and Attornment Agreement (SODA) is a legal document that outlines the rights and responsibilities of various parties in a real estate transaction, typically involving a lender, landlord, and tenant. This agreement ensures that the interests of each party are protected and clarified in the event of default or foreclosure. Keywords: Georgia, Sample, Subordination, Nondisturbance, Attornment Agreement Types of Georgia Sample Subordination, Nondisturbance and Attornment Agreement: 1. Commercial Tenant SODA: This type of agreement is commonly used in commercial real estate transactions where a tenant leases space in a building that is subject to a mortgage. The SODA is meant to safeguard the tenant's occupancy rights even if the property undergoes foreclosure. 2. Residential Tenant SODA: Similar to the commercial tenant SODA, this type of agreement is used in residential real estate transactions involving a tenant and a landlord. It ensures that the tenant's rights to occupy the property are protected in the event of a default by the landlord. 3. Lender SODA: In this agreement, a lender, usually a bank or financial institution, and a tenant establish their respective rights in a property that is subject to a mortgage. It specifies the lender's rights to collect rent directly from the tenant in case of default by the landlord. 4. Landlord SODA: This type of agreement is established between a landlord and a lender, providing assurance to the lender that the lease will not be disturbed even if the landlord defaults on their mortgage payments. It ensures the lender's rights are protected and that the tenant's occupancy remains undisturbed. 5. Intercreditor SODA: This specialized agreement involves multiple lenders who have different priorities in lien positions. By signing this SODA, lenders agree on the order in which their liens will be enforced, ensuring a structured process during foreclosure or other events. In summary, a Georgia Sample Subordination, Nondisturbance and Attornment Agreement is a crucial legal document used in real estate transactions, protecting the interests of lenders, landlords, and tenants in various scenarios. Its diverse types cater to specific party roles, providing clarity and security in an ever-changing real estate landscape.

A Georgia Sample Subordination, Nondisturbance and Attornment Agreement (SODA) is a legal document that outlines the rights and responsibilities of various parties in a real estate transaction, typically involving a lender, landlord, and tenant. This agreement ensures that the interests of each party are protected and clarified in the event of default or foreclosure. Keywords: Georgia, Sample, Subordination, Nondisturbance, Attornment Agreement Types of Georgia Sample Subordination, Nondisturbance and Attornment Agreement: 1. Commercial Tenant SODA: This type of agreement is commonly used in commercial real estate transactions where a tenant leases space in a building that is subject to a mortgage. The SODA is meant to safeguard the tenant's occupancy rights even if the property undergoes foreclosure. 2. Residential Tenant SODA: Similar to the commercial tenant SODA, this type of agreement is used in residential real estate transactions involving a tenant and a landlord. It ensures that the tenant's rights to occupy the property are protected in the event of a default by the landlord. 3. Lender SODA: In this agreement, a lender, usually a bank or financial institution, and a tenant establish their respective rights in a property that is subject to a mortgage. It specifies the lender's rights to collect rent directly from the tenant in case of default by the landlord. 4. Landlord SODA: This type of agreement is established between a landlord and a lender, providing assurance to the lender that the lease will not be disturbed even if the landlord defaults on their mortgage payments. It ensures the lender's rights are protected and that the tenant's occupancy remains undisturbed. 5. Intercreditor SODA: This specialized agreement involves multiple lenders who have different priorities in lien positions. By signing this SODA, lenders agree on the order in which their liens will be enforced, ensuring a structured process during foreclosure or other events. In summary, a Georgia Sample Subordination, Nondisturbance and Attornment Agreement is a crucial legal document used in real estate transactions, protecting the interests of lenders, landlords, and tenants in various scenarios. Its diverse types cater to specific party roles, providing clarity and security in an ever-changing real estate landscape.