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 New Hampshire Subordination of Mortgage and Attornment Agreement is a legally binding contract that establishes the priority of mortgage liens on a property and outlines the obligations and rights of the parties involved. This agreement is commonly used in real estate transactions where there are multiple mortgages or lenders involved. Keywords: New Hampshire, Subordination of Mortgage, Attornment Agreement, priority, liens, property, obligations, rights, real estate transactions, multiple mortgages, lenders. There are different types of New Hampshire Subordination of Mortgage and Attornment Agreement that serve specific purposes: 1. General Subordination Agreement: This type of agreement allows a lender to agree to reposition their mortgage as junior to another mortgage, typically to facilitate another loan or refinancing. It requires the consent of the senior lender and establishes the updated order of lien priority. 2. Intercreditor/Subordination Agreement: This agreement is used when there are two or more lenders involved in a real estate transaction. It outlines the relationship between the lenders, their rights, and priorities in case of default or foreclosure. This type of agreement helps in resolving conflicts and clarifies the order of payment in case of liquidation or bankruptcy. 3. Subordination, Non-Disturbance, and Attornment Agreement (SODA): This agreement is commonly used in commercial real estate leases. It includes both the subordination of the tenant's leasehold interest to the mortgage and a non-disturbance clause that protects the tenant's rights in case of foreclosure. The attornment clause establishes the tenant's obligation to recognize and cooperate with a new owner in case of a change in ownership. In conclusion, a New Hampshire Subordination of Mortgage and Attornment Agreement is an essential legal document in real estate transactions. It ensures clarity and priority of mortgage liens, protects the rights of lenders and tenants, and helps in resolving conflicts related to mortgage priorities.A New Hampshire Subordination of Mortgage and Attornment Agreement is a legally binding contract that establishes the priority of mortgage liens on a property and outlines the obligations and rights of the parties involved. This agreement is commonly used in real estate transactions where there are multiple mortgages or lenders involved. Keywords: New Hampshire, Subordination of Mortgage, Attornment Agreement, priority, liens, property, obligations, rights, real estate transactions, multiple mortgages, lenders. There are different types of New Hampshire Subordination of Mortgage and Attornment Agreement that serve specific purposes: 1. General Subordination Agreement: This type of agreement allows a lender to agree to reposition their mortgage as junior to another mortgage, typically to facilitate another loan or refinancing. It requires the consent of the senior lender and establishes the updated order of lien priority. 2. Intercreditor/Subordination Agreement: This agreement is used when there are two or more lenders involved in a real estate transaction. It outlines the relationship between the lenders, their rights, and priorities in case of default or foreclosure. This type of agreement helps in resolving conflicts and clarifies the order of payment in case of liquidation or bankruptcy. 3. Subordination, Non-Disturbance, and Attornment Agreement (SODA): This agreement is commonly used in commercial real estate leases. It includes both the subordination of the tenant's leasehold interest to the mortgage and a non-disturbance clause that protects the tenant's rights in case of foreclosure. The attornment clause establishes the tenant's obligation to recognize and cooperate with a new owner in case of a change in ownership. In conclusion, a New Hampshire Subordination of Mortgage and Attornment Agreement is an essential legal document in real estate transactions. It ensures clarity and priority of mortgage liens, protects the rights of lenders and tenants, and helps in resolving conflicts related to mortgage priorities.
