Collin Texas Subordination and Attornment Agreement - Landlord - Tenant - Lender

• Category: Landlord Tenant - Subordination
• State: Multi-State
• County: Collin
• Control #: US-XS-0014
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. A Collin Texas Subordination and Attornment Agreement is a legal document that outlines the relationship between a landlord, tenant, and lender regarding the priority of their respective interests in a property located in Collin County, Texas. This agreement is commonly used in commercial real estate transactions and mortgage refinancing. The purpose of the agreement is to establish the rights and obligations of all parties involved in the event of default or foreclosure. It clarifies the order in which any claims or liens on the property will be satisfied and how the tenant's lease will be affected. The agreement ensures that the lender's position takes precedence over the landlord and tenant's interests. Keywords: Collin Texas, Subordination and Attornment Agreement, landlord, tenant, lender, commercial real estate, priority interests, default, foreclosure, claims, liens, lease. Different types of Collin Texas Subordination and Attornment Agreement Landlordor— - Tenant - Lender may include: 1. Standard Subordination and Attornment Agreement: This is the most common type of agreement where the tenant recognizes the lender's priority over their lease and agrees to attorn to the lender as their new landlord in the event of foreclosure. 2. Non-Disturbance Agreement: In addition to subordination and attornment, this agreement may also provide the tenant with certain protections or rights that prevent the lender from terminating the lease or disrupting their occupancy in case of foreclosure. 3. Partial Subordination Agreement: This type of agreement allows for a partial subordination of the tenant's lease, ensuring that certain provisions or rights are preserved even if the lender's position is superior. 4. Estoppel Certificate: Although not strictly a subordination and attornment agreement, an estoppel certificate is often requested by lenders to confirm essential lease details, including rental amounts, lease duration, and tenant improvements, which can impact the property's value and the lender's decision-making process. Each type of Collin Texas Subordination and Attornment Agreement serves a specific purpose and provides clarity and protection for all parties involved, ensuring smooth transactions and preventing disputes.

A Collin Texas Subordination and Attornment Agreement is a legal document that outlines the relationship between a landlord, tenant, and lender regarding the priority of their respective interests in a property located in Collin County, Texas. This agreement is commonly used in commercial real estate transactions and mortgage refinancing. The purpose of the agreement is to establish the rights and obligations of all parties involved in the event of default or foreclosure. It clarifies the order in which any claims or liens on the property will be satisfied and how the tenant's lease will be affected. The agreement ensures that the lender's position takes precedence over the landlord and tenant's interests. Keywords: Collin Texas, Subordination and Attornment Agreement, landlord, tenant, lender, commercial real estate, priority interests, default, foreclosure, claims, liens, lease. Different types of Collin Texas Subordination and Attornment Agreement Landlordor— - Tenant - Lender may include: 1. Standard Subordination and Attornment Agreement: This is the most common type of agreement where the tenant recognizes the lender's priority over their lease and agrees to attorn to the lender as their new landlord in the event of foreclosure. 2. Non-Disturbance Agreement: In addition to subordination and attornment, this agreement may also provide the tenant with certain protections or rights that prevent the lender from terminating the lease or disrupting their occupancy in case of foreclosure. 3. Partial Subordination Agreement: This type of agreement allows for a partial subordination of the tenant's lease, ensuring that certain provisions or rights are preserved even if the lender's position is superior. 4. Estoppel Certificate: Although not strictly a subordination and attornment agreement, an estoppel certificate is often requested by lenders to confirm essential lease details, including rental amounts, lease duration, and tenant improvements, which can impact the property's value and the lender's decision-making process. Each type of Collin Texas Subordination and Attornment Agreement serves a specific purpose and provides clarity and protection for all parties involved, ensuring smooth transactions and preventing disputes.