Mississippi Non-Disturbance and Attornment Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-1052
• Format: Word; Rich Text

Description

This form is a nondisturbance and attornment agreement. A Mississippi Non-Disturbance and Attornment Agreement is a legal document that establishes the rights and obligations of three parties: the landlord, the tenant, and a lender (usually a mortgagee or a beneficiary under a deed of trust) in the event of a foreclosure or other actions taken by the lender against the tenant's leased premises. This agreement is commonly used in real estate transactions and provides protection for the tenant even if the property is foreclosed. The purpose of the agreement is to ensure that the tenant's rights are not disturbed in the event of a foreclosure or change in ownership. By signing this agreement, the lender agrees to recognize and respect the tenant's leasehold rights, allowing them to remain in the leased premises undisturbed, as long as the tenant is in compliance with the lease terms. Keywords: Mississippi, Non-Disturbance and Attornment Agreement, landlord, tenant, lender, mortgagee, beneficiary, foreclosure, leased premises, real estate, rights, ownership, leasehold, compliance. There are different types of Mississippi Non-Disturbance and Attornment Agreements, each catering to specific scenarios or parties involved. They include: 1. Landlord-Tenant Agreement: This agreement is signed between the landlord and tenant, where the tenant seeks protection from potential disruptions caused by the lender in case of foreclosure or change in ownership. 2. Lender-Tenant Agreement: In this agreement, the tenant enters into a contract with the lender or the mortgagee directly, ensuring that the tenant's leasehold rights will be respected regardless of any property ownership changes. 3. Tripartite Agreement: This version involves all three parties — the landlord, tenant, and lender. It establishes a comprehensive understanding among the parties, clarifying their respective rights, obligations, and expectations in the event of foreclosure or change in ownership. 4. Subordination Agreement: Although not strictly a Non-Disturbance and Attornment Agreement, it is often combined with it. A subordination agreement involves the tenant subordinating their leasehold rights to the lender's mortgage or deed of trust. It allows the lender to have priority over the tenant's leasehold in the event of foreclosure while still providing non-disturbance protections. Keywords: Landlord-Tenant Agreement, Lender-Tenant Agreement, Tripartite Agreement, Subordination Agreement, Mississippi, Non-Disturbance and Attornment Agreement, foreclosure, change in ownership, landlord, tenant, lender, mortgagee, leasehold rights.

A Mississippi Non-Disturbance and Attornment Agreement is a legal document that establishes the rights and obligations of three parties: the landlord, the tenant, and a lender (usually a mortgagee or a beneficiary under a deed of trust) in the event of a foreclosure or other actions taken by the lender against the tenant's leased premises. This agreement is commonly used in real estate transactions and provides protection for the tenant even if the property is foreclosed. The purpose of the agreement is to ensure that the tenant's rights are not disturbed in the event of a foreclosure or change in ownership. By signing this agreement, the lender agrees to recognize and respect the tenant's leasehold rights, allowing them to remain in the leased premises undisturbed, as long as the tenant is in compliance with the lease terms. Keywords: Mississippi, Non-Disturbance and Attornment Agreement, landlord, tenant, lender, mortgagee, beneficiary, foreclosure, leased premises, real estate, rights, ownership, leasehold, compliance. There are different types of Mississippi Non-Disturbance and Attornment Agreements, each catering to specific scenarios or parties involved. They include: 1. Landlord-Tenant Agreement: This agreement is signed between the landlord and tenant, where the tenant seeks protection from potential disruptions caused by the lender in case of foreclosure or change in ownership. 2. Lender-Tenant Agreement: In this agreement, the tenant enters into a contract with the lender or the mortgagee directly, ensuring that the tenant's leasehold rights will be respected regardless of any property ownership changes. 3. Tripartite Agreement: This version involves all three parties — the landlord, tenant, and lender. It establishes a comprehensive understanding among the parties, clarifying their respective rights, obligations, and expectations in the event of foreclosure or change in ownership. 4. Subordination Agreement: Although not strictly a Non-Disturbance and Attornment Agreement, it is often combined with it. A subordination agreement involves the tenant subordinating their leasehold rights to the lender's mortgage or deed of trust. It allows the lender to have priority over the tenant's leasehold in the event of foreclosure while still providing non-disturbance protections. Keywords: Landlord-Tenant Agreement, Lender-Tenant Agreement, Tripartite Agreement, Subordination Agreement, Mississippi, Non-Disturbance and Attornment Agreement, foreclosure, change in ownership, landlord, tenant, lender, mortgagee, leasehold rights.