A San Bernardino California Non-Disturbance and Attornment Agreement is a legal document that offers protection to tenants in the event of a foreclosure or sale of a property. This agreement guarantees that the new owner or lender will not disturb the tenant's rights to occupy the property, and that they will recognize the terms of the existing lease. In San Bernardino, California, there are various types of Non-Disturbance and Attornment Agreements that cater to different situations. These may include: 1. Residential Non-Disturbance and Attornment Agreement: This type of agreement is designed to protect residential tenants in San Bernardino. It ensures that the new owner or lender will respect the tenant's lease and continue providing them with the same rights and amenities as before. 2. Commercial Non-Disturbance and Attornment Agreement: This agreement is specifically designed for commercial tenants in San Bernardino. It ensures that in the case of foreclosure or sale, the new owner or lender will recognize the tenant's lease, allowing them to continue operating their business without any disruptions. 3. Subordination, Non-Disturbance, and Attornment Agreement (SODA): This is a comprehensive agreement that combines subordination, non-disturbance, and attornment clauses. It outlines the priority of obligations between the original landlord, the lender, and the tenant. The SODA is commonly used when a property is leased, and the landlord wishes to obtain a mortgage to secure financing. These agreements are essential in providing peace of mind to tenants by safeguarding their rights, especially during times of property transition. They ensure that the tenant's lease terms and conditions are respected and upheld by new owners or lenders. By entering into a Non-Disturbance and Attornment Agreement, tenants in San Bernardino, California, can have confidence in the stability of their occupancy and business operations.
San Bernardino California Non-Disturbance and Attornment Agreement
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