This office lease form is an agreement entered into in connection with a certain loan which the lender has made to the landlord and secured, in part, by a mortgage, assignment of the leases and rents and security agreement on the premises. This form describes the issues of mortgage subordination and a tenants agreement to hold the land as the tenant of a new landlord.
A Nebraska Subordination of Mortgage and Attornment Agreement is a legal document that outlines the priority of mortgage liens on a property and establishes an agreement between the parties involved. This agreement is often used in situations where a property owner wants to secure additional financing while keeping the existing mortgage intact. In Nebraska, there are two primary types of Subordination of Mortgage and Attornment Agreements: 1. Subordination Agreement: A Subordination Agreement is a legal contract between a mortgage lender and a property owner, wherein the mortgage holder agrees to subordinate their lien on the property to a subsequent mortgage lender. By doing so, the first mortgage lender consents to let the new lender obtain a priority position in the event of foreclosure or sale of the property. 2. Attornment Agreement: An Attornment Agreement is a provision within a lease contract where a tenant acknowledges and agrees to recognize a new landlord in the event of the transfer of ownership of the property. In the context of a Subordination of Mortgage Agreement, an Attornment Agreement is often included to ensure that the tenant acknowledges the priority of the new mortgage lender. This prevents disputes and protects the new lender's interests, as the tenant agrees to make payments directly to the new lender if necessary. Keywords: Nebraska Subordination of Mortgage and Attornment Agreement, legal document, mortgage liens, priority, financing, existing mortgage, Subordination Agreement, mortgage lender, lien, subsequent mortgage, priority position, foreclosure, sale of property, Attornment Agreement, lease contract, tenant, transfer of ownership, disputes, new lender, interests, payments. Disclaimer: The above information is for general informational purposes only and should not be considered as legal advice. It is advisable to consult with a qualified attorney for guidance specific to your situation.A Nebraska Subordination of Mortgage and Attornment Agreement is a legal document that outlines the priority of mortgage liens on a property and establishes an agreement between the parties involved. This agreement is often used in situations where a property owner wants to secure additional financing while keeping the existing mortgage intact. In Nebraska, there are two primary types of Subordination of Mortgage and Attornment Agreements: 1. Subordination Agreement: A Subordination Agreement is a legal contract between a mortgage lender and a property owner, wherein the mortgage holder agrees to subordinate their lien on the property to a subsequent mortgage lender. By doing so, the first mortgage lender consents to let the new lender obtain a priority position in the event of foreclosure or sale of the property. 2. Attornment Agreement: An Attornment Agreement is a provision within a lease contract where a tenant acknowledges and agrees to recognize a new landlord in the event of the transfer of ownership of the property. In the context of a Subordination of Mortgage Agreement, an Attornment Agreement is often included to ensure that the tenant acknowledges the priority of the new mortgage lender. This prevents disputes and protects the new lender's interests, as the tenant agrees to make payments directly to the new lender if necessary. Keywords: Nebraska Subordination of Mortgage and Attornment Agreement, legal document, mortgage liens, priority, financing, existing mortgage, Subordination Agreement, mortgage lender, lien, subsequent mortgage, priority position, foreclosure, sale of property, Attornment Agreement, lease contract, tenant, transfer of ownership, disputes, new lender, interests, payments. Disclaimer: The above information is for general informational purposes only and should not be considered as legal advice. It is advisable to consult with a qualified attorney for guidance specific to your situation.
