Wake North Carolina Non-Disturbance, Attornment, Estoppel & Subordination Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Wake
• Control #: US-OG-1053
• Format: Word; Rich Text

Description

This form is a nondisturbance, attornment, estoppel and subordination agreement. A Wake North Carolina Non-Disturbance, Attornment, Estoppel & Subordination Agreement is a legal document that is commonly used in real estate transactions. It is usually prepared between a lender, tenant, and landlord to protect the tenant's rights in the event of a foreclosure. The agreement serves as a binding contract that ensures the tenant's leasehold interest will not be disturbed by the lender's actions, specifically during foreclosure proceedings. It establishes the terms and conditions under which the tenant will continue to occupy the property even if the property is foreclosed upon by the lender. Keywords: Wake North Carolina, Non-Disturbance, Attornment, Estoppel & Subordination Agreement, real estate transactions, lender, tenant, landlord, foreclosure, leasehold interest, terms, conditions, occupy, property. There are variations of the Wake North Carolina Non-Disturbance, Attornment, Estoppel & Subordination Agreement, depending on the specific circumstances or parties involved in the transaction. Some common types include: 1. Commercial Non-Disturbance, Attornment, Estoppel & Subordination Agreement: This type of agreement is used when a commercial tenant is leasing space in a property that is subject to a mortgage. It protects the tenant's rights during foreclosure and ensures that the tenant's lease remains valid and in effect, irrespective of the property's change in ownership. 2. Residential Non-Disturbance, Attornment, Estoppel & Subordination Agreement: This agreement is specifically designed for residential leases where the property owner has mortgaged the property. It safeguards the tenant's rights by establishing their right to continue living in the rented property undisturbed, even if the property is foreclosed upon. 3. Subordination Agreement: While not explicitly mentioned in the title, subordination agreements are often included as part of the Wake North Carolina Non-Disturbance, Attornment, Estoppel & Subordination Agreement. A subordination agreement establishes the priority of liens on the property. It ensures that the lender's mortgage takes precedence over other liens or claims against the property, protecting their interest in case of default or foreclosure. In summary, a Wake North Carolina Non-Disturbance, Attornment, Estoppel & Subordination Agreement is a vital legal document in real estate transactions. By protecting the tenant's rights during foreclosure and establishing the priority of liens on the property, this agreement provides security and clarity for all parties involved.

A Wake North Carolina Non-Disturbance, Attornment, Estoppel & Subordination Agreement is a legal document that is commonly used in real estate transactions. It is usually prepared between a lender, tenant, and landlord to protect the tenant's rights in the event of a foreclosure. The agreement serves as a binding contract that ensures the tenant's leasehold interest will not be disturbed by the lender's actions, specifically during foreclosure proceedings. It establishes the terms and conditions under which the tenant will continue to occupy the property even if the property is foreclosed upon by the lender. Keywords: Wake North Carolina, Non-Disturbance, Attornment, Estoppel & Subordination Agreement, real estate transactions, lender, tenant, landlord, foreclosure, leasehold interest, terms, conditions, occupy, property. There are variations of the Wake North Carolina Non-Disturbance, Attornment, Estoppel & Subordination Agreement, depending on the specific circumstances or parties involved in the transaction. Some common types include: 1. Commercial Non-Disturbance, Attornment, Estoppel & Subordination Agreement: This type of agreement is used when a commercial tenant is leasing space in a property that is subject to a mortgage. It protects the tenant's rights during foreclosure and ensures that the tenant's lease remains valid and in effect, irrespective of the property's change in ownership. 2. Residential Non-Disturbance, Attornment, Estoppel & Subordination Agreement: This agreement is specifically designed for residential leases where the property owner has mortgaged the property. It safeguards the tenant's rights by establishing their right to continue living in the rented property undisturbed, even if the property is foreclosed upon. 3. Subordination Agreement: While not explicitly mentioned in the title, subordination agreements are often included as part of the Wake North Carolina Non-Disturbance, Attornment, Estoppel & Subordination Agreement. A subordination agreement establishes the priority of liens on the property. It ensures that the lender's mortgage takes precedence over other liens or claims against the property, protecting their interest in case of default or foreclosure. In summary, a Wake North Carolina Non-Disturbance, Attornment, Estoppel & Subordination Agreement is a vital legal document in real estate transactions. By protecting the tenant's rights during foreclosure and establishing the priority of liens on the property, this agreement provides security and clarity for all parties involved.