Fulton Georgia Subordination and Attornment Agreement - Landlord - Tenant - Lender

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

Description

This is a multi-state form covering the subject matter of the title. A Fulton, Georgia Subordination and Attornment Agreement is a legal document that outlines the relationship between a landlord, tenant, and lender in Fulton, Georgia. This agreement establishes the rights and obligations of all parties involved in a commercial lease transaction where a lender has a mortgage or lien on the property. It ensures that the lender's interests are protected in case of default or foreclosure while also allowing the tenant to continue their occupancy without interruption. In Fulton, Georgia, there are several types of Subordination and Attornment Agreements that may be utilized by landlords, tenants, and lenders. These include: 1. Commercial Subordination and Attornment Agreement: This type of agreement is commonly used in commercial real estate transactions. It establishes the priority of the lender's lien or mortgage over the tenant's lease in the event of default or foreclosure. The tenant attorns to the lender, recognizing them as the new landlord in case of foreclosure. 2. Residential Subordination and Attornment Agreement: Similar to the commercial agreement, this type of agreement is used in residential real estate transactions. It ensures that the lender's rights are protected in case of default or foreclosure, and the tenant agrees to attorn to the lender if necessary. 3. Subordination and Attornment Agreement with Non-Disturbance Clause: This variation of the agreement includes a non-disturbance clause that protects the tenant's rights in case of default or foreclosure. It ensures that the tenant can continue their occupancy undisturbed by the lender, even if the property is sold or foreclosed upon. 4. Subordination and Attornment Agreement for Leasehold Financing: This agreement is specific to leasehold financing, where a lender provides financing based on a leasehold interest rather than ownership of the property. It establishes the priority of the lender's interest and the tenant's obligation to attorn to the lender. The Fulton, Georgia Subordination and Attornment Agreement Landlordor— - Tenant - Lender is a crucial legal document that safeguards the rights and interests of all parties involved in a lease transaction. It establishes the order of priority in case of default or foreclosure, ensures a smooth transition of ownership, and provides tenant protection if a non-disturbance clause is included. Seeking legal advice and assistance is recommended to draft and execute this agreement correctly, based on the specific needs of all parties involved.

A Fulton, Georgia Subordination and Attornment Agreement is a legal document that outlines the relationship between a landlord, tenant, and lender in Fulton, Georgia. This agreement establishes the rights and obligations of all parties involved in a commercial lease transaction where a lender has a mortgage or lien on the property. It ensures that the lender's interests are protected in case of default or foreclosure while also allowing the tenant to continue their occupancy without interruption. In Fulton, Georgia, there are several types of Subordination and Attornment Agreements that may be utilized by landlords, tenants, and lenders. These include: 1. Commercial Subordination and Attornment Agreement: This type of agreement is commonly used in commercial real estate transactions. It establishes the priority of the lender's lien or mortgage over the tenant's lease in the event of default or foreclosure. The tenant attorns to the lender, recognizing them as the new landlord in case of foreclosure. 2. Residential Subordination and Attornment Agreement: Similar to the commercial agreement, this type of agreement is used in residential real estate transactions. It ensures that the lender's rights are protected in case of default or foreclosure, and the tenant agrees to attorn to the lender if necessary. 3. Subordination and Attornment Agreement with Non-Disturbance Clause: This variation of the agreement includes a non-disturbance clause that protects the tenant's rights in case of default or foreclosure. It ensures that the tenant can continue their occupancy undisturbed by the lender, even if the property is sold or foreclosed upon. 4. Subordination and Attornment Agreement for Leasehold Financing: This agreement is specific to leasehold financing, where a lender provides financing based on a leasehold interest rather than ownership of the property. It establishes the priority of the lender's interest and the tenant's obligation to attorn to the lender. The Fulton, Georgia Subordination and Attornment Agreement Landlordor— - Tenant - Lender is a crucial legal document that safeguards the rights and interests of all parties involved in a lease transaction. It establishes the order of priority in case of default or foreclosure, ensures a smooth transition of ownership, and provides tenant protection if a non-disturbance clause is included. Seeking legal advice and assistance is recommended to draft and execute this agreement correctly, based on the specific needs of all parties involved.