Oregon Non-Disturbance and Attornment Agreement is a legal contract that protects the rights and interests of tenants in a leased property in the event of the property's foreclosure. This agreement ensures that the tenant's lease remains intact and that their occupancy rights are recognized by the new property owner. In terms of different types of Oregon Non-Disturbance and Attornment Agreements, there are generally two categories based on the parties involved: 1. Tenant-Focused Non-Disturbance and Attornment Agreement: This type of agreement primarily benefits the tenant, as it guarantees their right to continue their lease regardless of the property's change in ownership due to foreclosure. It ensures that the tenant's lease terms, rental rates, and other pertinent clauses remain in effect, offering them stability and protection. 2. Lender-Focused Non-Disturbance and Attornment Agreement: This category centers around the lender or mortgage holder's interests. It establishes that the tenant will not impede or interfere with any foreclosure proceedings initiated by the lender. Furthermore, the tenant agrees to recognize the lender as their new landlord in the event of foreclosure, ensuring a seamless transition in ownership. Keywords: Oregon, Non-Disturbance and Attornment Agreement, lease, tenant, foreclosure, property owner, occupancy rights, legal contract, tenant-focused, lender-focused, lease terms, rental rates, mortgage holder, foreclosure proceedings, landlord, seamless transition.
Oregon Non-Disturbance and Attornment Agreement
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How to fill out Oregon Non-Disturbance And Attornment Agreement?
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