Washington Non-Disturbance, Attornment, Estoppel & Subordination Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-1053
• Format: Word; Rich Text

Description

This form is a nondisturbance, attornment, estoppel and subordination agreement. A Washington Non-Disturbance, Attornment, Estoppel & Subordination Agreement is a legal document that outlines the rights and obligations of parties involved in a real estate transaction, specifically in relation to the tenant's leasehold interest in a property. This agreement provides protection to the tenant in case of foreclosure or sale of the property, ensuring that certain rights and responsibilities are upheld. In Washington state, there are two main types of Non-Disturbance, Attornment, Estoppel & Subordination Agreements commonly used: 1. Standard Non-Disturbance, Attornment, Estoppel & Subordination Agreement: This type of agreement is typically used in commercial leases and provides the tenant with some level of protection in the event of a foreclosure or sale of the property. It ensures that the tenant's leasehold interest is recognized by the new owner or lender, and the tenant can continue operating their business without interruption. The agreement also contains provisions that clarify the lender's rights and the tenant's obligations during the foreclosure process. 2. Subordinated Non-Disturbance, Attornment, Estoppel & Subordination Agreement: This agreement is commonly used when a tenant's leasehold interest is subordinate to a mortgage or other liens on the property. It outlines the tenant's acknowledgment of this subordination and their agreement to subordinate their lease to the interests of the lender. In case of foreclosure, the tenant agrees to attorn to the new owner or lender, recognizing them as the landlord and continuing their obligations under the lease. This agreement is often required by lenders to protect their rights and interests in the property. Some relevant keywords related to Washington Non-Disturbance, Attornment, Estoppel & Subordination Agreement may include: — Washington state non-disturbance agreement — Washington non-disturbancClausus— - Washington estoppel agreement — Washington subordinatioagreementen— - Washington tenant protection agreement — Washington foreclosure protection agreement — Washington commercial leasagreementen— - Washington leasehold interest — Washington real estate transaction agreement — Washington property rights and obligations Overall, a Washington Non-Disturbance, Attornment, Estoppel & Subordination Agreement is a crucial legal document that protects the tenant's rights and ensures continuity of their leasehold interest in a property, particularly in situations involving foreclosure or property sales.

A Washington Non-Disturbance, Attornment, Estoppel & Subordination Agreement is a legal document that outlines the rights and obligations of parties involved in a real estate transaction, specifically in relation to the tenant's leasehold interest in a property. This agreement provides protection to the tenant in case of foreclosure or sale of the property, ensuring that certain rights and responsibilities are upheld. In Washington state, there are two main types of Non-Disturbance, Attornment, Estoppel & Subordination Agreements commonly used: 1. Standard Non-Disturbance, Attornment, Estoppel & Subordination Agreement: This type of agreement is typically used in commercial leases and provides the tenant with some level of protection in the event of a foreclosure or sale of the property. It ensures that the tenant's leasehold interest is recognized by the new owner or lender, and the tenant can continue operating their business without interruption. The agreement also contains provisions that clarify the lender's rights and the tenant's obligations during the foreclosure process. 2. Subordinated Non-Disturbance, Attornment, Estoppel & Subordination Agreement: This agreement is commonly used when a tenant's leasehold interest is subordinate to a mortgage or other liens on the property. It outlines the tenant's acknowledgment of this subordination and their agreement to subordinate their lease to the interests of the lender. In case of foreclosure, the tenant agrees to attorn to the new owner or lender, recognizing them as the landlord and continuing their obligations under the lease. This agreement is often required by lenders to protect their rights and interests in the property. Some relevant keywords related to Washington Non-Disturbance, Attornment, Estoppel & Subordination Agreement may include: — Washington state non-disturbance agreement — Washington non-disturbancClausus— - Washington estoppel agreement — Washington subordinatioagreementen— - Washington tenant protection agreement — Washington foreclosure protection agreement — Washington commercial leasagreementen— - Washington leasehold interest — Washington real estate transaction agreement — Washington property rights and obligations Overall, a Washington Non-Disturbance, Attornment, Estoppel & Subordination Agreement is a crucial legal document that protects the tenant's rights and ensures continuity of their leasehold interest in a property, particularly in situations involving foreclosure or property sales.