King Washington Sample Subordination, Nondisturbance and Attornment Agreement

• Category: Corporations - Public
• State: Multi-State
• County: King
• 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. King Washington Sample Subordination, Nondisturbance, and Attornment Agreement is a legal document that outlines the relationship between a lender, tenant, and landlord in the context of a commercial real estate lease. It establishes the rights and obligations of all parties involved and protects the interests of each. A subordination agreement is a type of King Washington Sample Subordination, Nondisturbance, and Attornment Agreement. It allows the lender to have a higher priority lien on the property than the tenant's leasehold interest. This means that in the event of default or foreclosure, the lender's rights supersede the tenant's rights. The tenant agrees to subordinate their lease to the lender's lien, granting the lender the ability to take possession of the property if necessary. A non-disturbance agreement is another variety of King Washington Sample Subordination, Nondisturbance, and Attornment Agreement. It ensures that the tenant's lease rights will be protected in the event of foreclosure or default by the landlord. In this agreement, the lender agrees not to disturb the tenant's possession or rights under the lease, as long as the tenant fulfills their obligations, such as paying rent. Lastly, an attornment agreement is a significant provision within a King Washington Sample Subordination, Nondisturbance, and Attornment Agreement. It establishes the tenant's acknowledgement that if the property owner defaults on their mortgage, or in case of a change in ownership, the tenant agrees to recognize the new landlord or lender as their landlord. This allows for a smooth transition of ownership without affecting the tenant's rights or lease terms. In conclusion, a King Washington Sample Subordination, Nondisturbance, and Attornment Agreement is a legally binding document that defines the relationship between a lender, tenant, and landlord. It includes provisions for subordinating the tenant's lease to the lender's lien, ensuring non-disturbance of the tenant's rights in the event of foreclosure, and requiring the tenant's attornment to a new landlord or lender. These agreements help establish clarity and protect the interests of all parties involved in commercial real estate transactions.

King Washington Sample Subordination, Nondisturbance, and Attornment Agreement is a legal document that outlines the relationship between a lender, tenant, and landlord in the context of a commercial real estate lease. It establishes the rights and obligations of all parties involved and protects the interests of each. A subordination agreement is a type of King Washington Sample Subordination, Nondisturbance, and Attornment Agreement. It allows the lender to have a higher priority lien on the property than the tenant's leasehold interest. This means that in the event of default or foreclosure, the lender's rights supersede the tenant's rights. The tenant agrees to subordinate their lease to the lender's lien, granting the lender the ability to take possession of the property if necessary. A non-disturbance agreement is another variety of King Washington Sample Subordination, Nondisturbance, and Attornment Agreement. It ensures that the tenant's lease rights will be protected in the event of foreclosure or default by the landlord. In this agreement, the lender agrees not to disturb the tenant's possession or rights under the lease, as long as the tenant fulfills their obligations, such as paying rent. Lastly, an attornment agreement is a significant provision within a King Washington Sample Subordination, Nondisturbance, and Attornment Agreement. It establishes the tenant's acknowledgement that if the property owner defaults on their mortgage, or in case of a change in ownership, the tenant agrees to recognize the new landlord or lender as their landlord. This allows for a smooth transition of ownership without affecting the tenant's rights or lease terms. In conclusion, a King Washington Sample Subordination, Nondisturbance, and Attornment Agreement is a legally binding document that defines the relationship between a lender, tenant, and landlord. It includes provisions for subordinating the tenant's lease to the lender's lien, ensuring non-disturbance of the tenant's rights in the event of foreclosure, and requiring the tenant's attornment to a new landlord or lender. These agreements help establish clarity and protect the interests of all parties involved in commercial real estate transactions.