Bronx New York Sample Subordination, Nondisturbance and Attornment Agreement

• Category: Corporations - Public
• State: Multi-State
• County: Bronx
• 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. The Bronx, located in New York City, is one of the five boroughs and lies in the northernmost part of the city. It is known for its rich culture, diversity, historical landmarks, and vibrant neighborhoods. The term "Bronx New York Sample Subordination, Nondisturbance, and Attornment Agreement" refers to a legal document that establishes the relationship between a tenant, a landlord, and a lender in the Bronx. A Subordination, Nondisturbance, and Attornment Agreement, commonly known as an SODA, outlines how the interests and rights of a tenant will be affected in the event of a landlord's default on their mortgage or when the property undergoes refinancing. This agreement typically involves three parties: the tenant (subordinate), the landlord, and the lender. In the Bronx, there are various types of Sample Subordination, Nondisturbance, and Attornment Agreements: 1. Commercial Lease SODA: This type of agreement is commonly used in commercial real estate transactions in the Bronx. It protects the rights of commercial tenants occupying properties such as retail spaces, offices, or warehouses. 2. Residential Lease SODA: This agreement is specific to residential properties in the Bronx. It defines the relationship between residential tenants and landlords, ensuring the tenants' rights are preserved in case of mortgage default by the landlord. 3. Retail Lease SODA: Targeted towards tenants leasing commercial space for retail purposes in the Bronx, this agreement addresses the specific needs and concerns of retail tenants, considering factors like operating hours, signage rights, and other retail-specific clauses. 4. Multi-Unit Property SODA: This type of agreement is relevant when multiple tenants are involved in a property, such as apartment complexes or mixed-use buildings. It establishes the rights and obligations of tenants and addresses any potential issues arising from the property's mortgage or refinancing. In summary, a Bronx New York Sample Subordination, Nondisturbance, and Attornment Agreement is a legal document that ensures the rights and interests of tenants in the Bronx are protected when a landlord's mortgage defaults or undergoes refinancing. The agreement varies based on the type of property, including commercial, residential, retail, or multi-unit properties.

The Bronx, located in New York City, is one of the five boroughs and lies in the northernmost part of the city. It is known for its rich culture, diversity, historical landmarks, and vibrant neighborhoods. The term "Bronx New York Sample Subordination, Nondisturbance, and Attornment Agreement" refers to a legal document that establishes the relationship between a tenant, a landlord, and a lender in the Bronx. A Subordination, Nondisturbance, and Attornment Agreement, commonly known as an SODA, outlines how the interests and rights of a tenant will be affected in the event of a landlord's default on their mortgage or when the property undergoes refinancing. This agreement typically involves three parties: the tenant (subordinate), the landlord, and the lender. In the Bronx, there are various types of Sample Subordination, Nondisturbance, and Attornment Agreements: 1. Commercial Lease SODA: This type of agreement is commonly used in commercial real estate transactions in the Bronx. It protects the rights of commercial tenants occupying properties such as retail spaces, offices, or warehouses. 2. Residential Lease SODA: This agreement is specific to residential properties in the Bronx. It defines the relationship between residential tenants and landlords, ensuring the tenants' rights are preserved in case of mortgage default by the landlord. 3. Retail Lease SODA: Targeted towards tenants leasing commercial space for retail purposes in the Bronx, this agreement addresses the specific needs and concerns of retail tenants, considering factors like operating hours, signage rights, and other retail-specific clauses. 4. Multi-Unit Property SODA: This type of agreement is relevant when multiple tenants are involved in a property, such as apartment complexes or mixed-use buildings. It establishes the rights and obligations of tenants and addresses any potential issues arising from the property's mortgage or refinancing. In summary, a Bronx New York Sample Subordination, Nondisturbance, and Attornment Agreement is a legal document that ensures the rights and interests of tenants in the Bronx are protected when a landlord's mortgage defaults or undergoes refinancing. The agreement varies based on the type of property, including commercial, residential, retail, or multi-unit properties.