A King Washington Non-Disturbance and Attornment Agreement is a legal document that outlines the rights and obligations of three parties involved in a real estate transaction: the landlord (King Washington), the tenant (typically a commercial tenant), and a third party, such as a lender or a buyer (referred to as the "attorney"). This agreement is commonly used in situations where the property being leased or mortgaged is subject to a prior mortgage or lien. Keywords: King Washington, non-disturbance agreement, attornment agreement, real estate transaction, landlord, tenant, commercial tenant, lender, buyer, property, lease, mortgage, lien. Different types of King Washington Non-Disturbance and Attornment Agreements may include: 1. Commercial Lease Non-Disturbance and Attornment Agreement: This type of agreement is used when a commercial tenant requires assurance that their lease will not be terminated or disturbed if the property they are leasing is foreclosed upon or sold. It ensures that the tenant's rights will be recognized and respected by the new owner or lender. 2. Mortgage Non-Disturbance and Attornment Agreement: This agreement is typically entered into between a lender and a tenant to protect the tenant's rights and lease agreement in the event of a mortgage foreclosure. It guarantees that the tenant's lease will not be terminated or disturbed by the lender or any subsequent buyer who acquires the property through foreclosure. 3. Subordination, Non-Disturbance, and Attornment Agreement (SODA): This type of agreement combines the elements of subordination, non-disturbance, and attornment clauses. It establishes the priority of different parties' rights in a property, protects a tenant's lease rights in case of default, and provides assurance to the lender that their interest will not be disturbed by the tenant or landlord.
King Washington Non-Disturbance and Attornment Agreement
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