This office lease form states that in the event of a mortgage foreclosure, or termination of any interest which is superior to the lease, the lease shall continue as a lease between the landlord's successors as Lessor and the tenant as lessee with the same force and effect as the originally entered into the lease and the tenant shall be permitted to remain in undisturbed possession, use and occupancy of the premises, provided that the tenant is not in default under the lease after the giving of notice and the expiration of the applicable grace or cure period as provided in the lease.
General Nondisturbance Agreement
Category:
State:
Multi-State
Control #:
US-OL20034B
Format:
Word;
PDF
Instant download
Description
Free preview
How to fill out General Nondisturbance Agreement?
When it comes to drafting a legal document, it is easier to delegate it to the professionals. However, that doesn't mean you yourself can’t get a sample to use. That doesn't mean you yourself cannot find a template to use, however. Download General Nondisturbance Agreement straight from the US Legal Forms web site. It gives you numerous professionally drafted and lawyer-approved documents and samples.
For full access to 85,000 legal and tax forms, customers just have to sign up and select a subscription. Once you are signed up with an account, log in, search for a specific document template, and save it to My Forms or download it to your gadget.
To make things much easier, we have provided an 8-step how-to guide for finding and downloading General Nondisturbance Agreement fast:
- Make confident the form meets all the necessary state requirements.
- If available preview it and read the description before buying it.
- Press Buy Now.
- Select the suitable subscription to meet your needs.
- Make your account.
- Pay via PayPal or by debit/bank card.
- Select a needed format if several options are available (e.g., PDF or Word).
- Download the file.
Once the General Nondisturbance Agreement is downloaded you are able to fill out, print and sign it in almost any editor or by hand. Get professionally drafted state-relevant documents within a matter of seconds in a preferable format with US Legal Forms!
Form popularity
FAQ
To transfer homage and service from one feudal lord to another. 2. to agree to continue as tenant under a new landlord. Derived forms. attornment (at02c8tornment)
An SNDA is an agreement entered into between a tenant and the lender of the landlord (and, ideally, the landlord) to establish the relationship between the tenant and lender (who would not otherwise have a direct relationship) and provide relative priorities between them.
Subordination clauses in mortgages refer to the portion of your agreement with the mortgage company that says their lien takes precedence over any other liens you may have on your property.The primary lien on a house is usually a mortgage. However, it's also possible to have other liens.
A notice of attornment is a notice that the new owner may give to you, providing notice that the building has been sold to them. It will direct you to pay all future rent to the new landlord.
The attornment clause in an SNDA obligates the tenant to recognize the new owner of the property as its landlord regardless of whether the new owner acquired the property through a normal sale or a foreclosure.The tenant can lease the premises even after the property is sold or foreclosed.
Attornment in a commercial lease is similar. The attornment clause in an SNDA obligates the tenant to recognize the new owner of the property as its landlord regardless of whether the new owner acquired the property through a normal sale or a foreclosure.
A nondisturbance clause is a provision in a mortgage contract that ensures that a rental agreement between the tenant and the landlord will continue under any circumstances.A nondisturbance clause ensures that a tenant will not be evicted in the event that the landlord goes bankrupt.
Term. Main definition. Letter of Attornment. A letter from a grantor to a tenant, stating that a property has been sold, and directing rent to be paid to the grantee (i.e., the new owner).
Attornment is the tenant's agreement to become the tenant of someone other than the original landlord and who has now taken title to the property.