Tarrant Texas Sample Subordination, Nondisturbance and Attornment Agreement

• Category: Corporations - Public
• State: Multi-State
• County: Tarrant
• 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. Tarrant Texas Sample Subordination, Nondisturbance, and Attornment Agreement is a legal document that outlines the relationship between a lender, borrower, and tenant in a real estate transaction. This agreement is commonly used in commercial real estate transactions to protect the interests of all parties involved. In Tarrant, Texas, there are various types of Sample Subordination, Nondisturbance, and Attornment Agreements that may be used, depending on the specific circumstances of the transaction. Some common types include: 1. Commercial Lease Agreement: This type of agreement is used when a tenant leases a commercial property from a landlord who has obtained a loan from a lender. The agreement ensures that the tenant's lease rights will not be disturbed in the event of a default or foreclosure by the landlord or lender. 2. Mortgage Agreement: This agreement is used when a borrower obtains a mortgage loan to purchase a property from a seller. The agreement provides for the subordination of the mortgage to other previously recorded liens, such as tax liens or existing mortgages, and ensures that the lender's rights will be protected in the event of a default by the borrower. 3. Lender Agreement: This type of agreement is entered into between a lender and a subordinated lender. It establishes the priority of each lender's liens on a property and addresses the rights and obligations of each party in the event of foreclosure or default. 4. Construction Loan Agreement: This agreement is used when a borrower obtains a loan to finance the construction or renovation of a property. The agreement ensures that the construction lender's lien will be given priority over any subsequent liens and that the rights of the construction lender will be protected in the event of default by the borrower. In summary, Tarrant Texas Sample Subordination, Nondisturbance, and Attornment Agreements are essential legal documents used in commercial real estate transactions. They protect the interests of lenders, borrowers, and tenants and establish the rights and obligations of each party involved. Whether it is a commercial lease agreement, a mortgage agreement, a lender agreement, or a construction loan agreement, these agreements play a crucial role in ensuring a smooth and secure transaction in Tarrant, Texas.

Tarrant Texas Sample Subordination, Nondisturbance, and Attornment Agreement is a legal document that outlines the relationship between a lender, borrower, and tenant in a real estate transaction. This agreement is commonly used in commercial real estate transactions to protect the interests of all parties involved. In Tarrant, Texas, there are various types of Sample Subordination, Nondisturbance, and Attornment Agreements that may be used, depending on the specific circumstances of the transaction. Some common types include: 1. Commercial Lease Agreement: This type of agreement is used when a tenant leases a commercial property from a landlord who has obtained a loan from a lender. The agreement ensures that the tenant's lease rights will not be disturbed in the event of a default or foreclosure by the landlord or lender. 2. Mortgage Agreement: This agreement is used when a borrower obtains a mortgage loan to purchase a property from a seller. The agreement provides for the subordination of the mortgage to other previously recorded liens, such as tax liens or existing mortgages, and ensures that the lender's rights will be protected in the event of a default by the borrower. 3. Lender Agreement: This type of agreement is entered into between a lender and a subordinated lender. It establishes the priority of each lender's liens on a property and addresses the rights and obligations of each party in the event of foreclosure or default. 4. Construction Loan Agreement: This agreement is used when a borrower obtains a loan to finance the construction or renovation of a property. The agreement ensures that the construction lender's lien will be given priority over any subsequent liens and that the rights of the construction lender will be protected in the event of default by the borrower. In summary, Tarrant Texas Sample Subordination, Nondisturbance, and Attornment Agreements are essential legal documents used in commercial real estate transactions. They protect the interests of lenders, borrowers, and tenants and establish the rights and obligations of each party involved. Whether it is a commercial lease agreement, a mortgage agreement, a lender agreement, or a construction loan agreement, these agreements play a crucial role in ensuring a smooth and secure transaction in Tarrant, Texas.