New Hampshire 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 New Hampshire Sample Subordination, Nondisturbance and Attornment Agreement, also known as an SODA, is a legal document that outlines the relationship between a landlord, tenant, and a lender in the context of a lease agreement. This agreement provides clarity and protection for all parties involved, ensuring that their rights and obligations are defined and respected in case of default, foreclosure, or other related issues. The subordination aspect of the agreement refers to the agreement of the tenant to subordinate its leasehold interest to the lender's mortgage or security interest. This means that the lender's rights take priority over the tenant's rights in the event of default or foreclosure. The nondisturbance aspect ensures that the tenant's rights under the lease will not be disturbed by the lender in the event of default or foreclosure. The lender agrees not to terminate the lease or disturb the tenant's possession as long as the tenant complies with its obligations under the lease. The attornment part of the agreement signifies the tenant's acknowledgment and agreement to recognize a new landlord in case of foreclosure or transfer of the property. The tenant agrees to attorn to the lender or any entity that acquires the property and abide by the terms and conditions of the lease with the new landlord. Different types of New Hampshire Sample Subordination, Nondisturbance and Attornment Agreements may exist depending on the specific circumstances and parties involved. For instance, there could be variations for commercial leases, residential leases, or specific industries such as retail or industrial leases. Keywords: New Hampshire, Sample Subordination, Nondisturbance and Attornment Agreement, SODA, landlord, tenant, lender, lease agreement, subordination, mortgage, security interest, default, foreclosure, rights, obligations, nondisturbance, termination, possession, attornment, property transfer, new landlord, commercial lease, residential lease, retail lease, industrial lease.

A New Hampshire Sample Subordination, Nondisturbance and Attornment Agreement, also known as an SODA, is a legal document that outlines the relationship between a landlord, tenant, and a lender in the context of a lease agreement. This agreement provides clarity and protection for all parties involved, ensuring that their rights and obligations are defined and respected in case of default, foreclosure, or other related issues. The subordination aspect of the agreement refers to the agreement of the tenant to subordinate its leasehold interest to the lender's mortgage or security interest. This means that the lender's rights take priority over the tenant's rights in the event of default or foreclosure. The nondisturbance aspect ensures that the tenant's rights under the lease will not be disturbed by the lender in the event of default or foreclosure. The lender agrees not to terminate the lease or disturb the tenant's possession as long as the tenant complies with its obligations under the lease. The attornment part of the agreement signifies the tenant's acknowledgment and agreement to recognize a new landlord in case of foreclosure or transfer of the property. The tenant agrees to attorn to the lender or any entity that acquires the property and abide by the terms and conditions of the lease with the new landlord. Different types of New Hampshire Sample Subordination, Nondisturbance and Attornment Agreements may exist depending on the specific circumstances and parties involved. For instance, there could be variations for commercial leases, residential leases, or specific industries such as retail or industrial leases. Keywords: New Hampshire, Sample Subordination, Nondisturbance and Attornment Agreement, SODA, landlord, tenant, lender, lease agreement, subordination, mortgage, security interest, default, foreclosure, rights, obligations, nondisturbance, termination, possession, attornment, property transfer, new landlord, commercial lease, residential lease, retail lease, industrial lease.