Georgia Non-Disturbance, Attornment, Estoppel & Subordination Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-1053
• Format: Word; Rich Text

Description

This form is a nondisturbance, attornment, estoppel and subordination agreement. A Georgia Non-Disturbance, Attornment, Estoppel & Subordination Agreement is a legal document that establishes the rights and responsibilities between a tenant, landlord, and a lender in the event of a foreclosure or sale of the leased property. This agreement ensures that the tenant's lease will not be disturbed or terminated by the lender's actions, and the tenant agrees to recognize the lender as their new landlord if necessary. Keywords: Georgia Non-Disturbance, Attornment, Estoppel & Subordination Agreement, tenant, landlord, lender, foreclosure, sale, leased property There are different types of Georgia Non-Disturbance, Attornment, Estoppel & Subordination Agreements that may arise based on the specific situation. These types may include: 1. Tenant Non-Disturbance Agreement: This type of agreement focuses on protecting the rights of the tenant in case of a foreclosure or sale of the property. It ensures that the tenant's lease remains valid and enforceable even if ownership changes. 2. Landlord Non-Disturbance Agreement: In this agreement, the tenant acknowledges the lender as their new landlord and agrees to continue paying rent and abiding by the terms of the lease, regardless of any ownership changes. 3. Lender Non-Disturbance Agreement: This type of agreement provides protection to the lender by ensuring that the tenant will recognize them as the new landlord and continue fulfilling their lease obligations, even if the property is transferred through foreclosure or sale. 4. Subordination Agreement: A subordination agreement establishes the priority of liens on the leased property. It determines the order in which lenders are entitled to collect their debts in the event of default or foreclosure. By signing a Georgia Non-Disturbance, Attornment, Estoppel & Subordination Agreement, all parties involved can have clarity on their rights and obligations, reducing potential disputes and maintaining stability in the lease agreement during changes in property ownership.

A Georgia Non-Disturbance, Attornment, Estoppel & Subordination Agreement is a legal document that establishes the rights and responsibilities between a tenant, landlord, and a lender in the event of a foreclosure or sale of the leased property. This agreement ensures that the tenant's lease will not be disturbed or terminated by the lender's actions, and the tenant agrees to recognize the lender as their new landlord if necessary. Keywords: Georgia Non-Disturbance, Attornment, Estoppel & Subordination Agreement, tenant, landlord, lender, foreclosure, sale, leased property There are different types of Georgia Non-Disturbance, Attornment, Estoppel & Subordination Agreements that may arise based on the specific situation. These types may include: 1. Tenant Non-Disturbance Agreement: This type of agreement focuses on protecting the rights of the tenant in case of a foreclosure or sale of the property. It ensures that the tenant's lease remains valid and enforceable even if ownership changes. 2. Landlord Non-Disturbance Agreement: In this agreement, the tenant acknowledges the lender as their new landlord and agrees to continue paying rent and abiding by the terms of the lease, regardless of any ownership changes. 3. Lender Non-Disturbance Agreement: This type of agreement provides protection to the lender by ensuring that the tenant will recognize them as the new landlord and continue fulfilling their lease obligations, even if the property is transferred through foreclosure or sale. 4. Subordination Agreement: A subordination agreement establishes the priority of liens on the leased property. It determines the order in which lenders are entitled to collect their debts in the event of default or foreclosure. By signing a Georgia Non-Disturbance, Attornment, Estoppel & Subordination Agreement, all parties involved can have clarity on their rights and obligations, reducing potential disputes and maintaining stability in the lease agreement during changes in property ownership.