1. Attornment is most commonly associated with real property laws and is designed to acknowledge the relationship between the parties in a transaction
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2. Attornment (from French tourner, "to turn"), in English real property law, is the acknowledgment of a new lord by the tenant on the alienation of land
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3. Attornment is the act of a person who holds a leasehold interest in land, or estate for life or years, by which he agrees to become the tenant of a stranger who has acquired the fee in the land, or the remainder or reversion, or the right to the rent or services by which the tenant holds
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4. Attornment is the act of a person who holds a leasehold interest in land, or estate for life or years, by which he agrees to become the tenant of a stranger who has acquired the fee in the land, or the remainder or reversion, or the right to the rent or services by which the tenant holds
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5. Definition of Attornment in the Definitions.net dictionary
6. What does Attornment mean? Information and translations of Attornment in the most comprehensive dictionary definitions resource on the web.
7. An “Attornment” is the act by which tenants acknowledge a new owner of the property as their new landlord
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8. The Attornment clause in an SNDA obligates the tenants to accept a new owner as their landlord, regardless of whether the new owner acquires the property in a normal sale or following a foreclosure.
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9. The "Attornment" part of the agreement, which perhaps is the most confusing part of an SNDA, simply means that the tenant is agreeing to acknowledge the purchaser at the foreclosure sale as the new landlord under the lease.
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10. An Attornment clause is further different from a non-disturbance clause in that it gives the lender, or purchaser from the foreclosure sale, the option, but not the obligation, to continue the lease
11. THIS SUBORDINATION, NONDISTURBANCE AND Attornment AGREEMENT AND ESTOPPEL CERTIFICATE is made this 30 th day of July, 2008, between KEYBANK NATIONAL ASSOCIATION, a national banking association ( “Lender”) and KORRY ELECTRONICS CO., a Delaware corporation ( “Tenant”).
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12. Attornment synonyms, Attornment pronunciation, Attornment translation, English dictionary definition of Attornment
13. Subordination, Non-Disturbance and Attornment Agreement Subject: MF SNDA (Form 4510) Author: Fannie Mae Last modified by: Fannie Mae Created Date: 5/26/1998 7:43:00 PM Company: Fannie Mae Other titles: Subordination, Non-Disturbance and Attornment Agreement
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14. Attornment means to agree to remain as a tenant of a new landlord after the transfer of ownership of the property
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15. What does Attornment mean? (feudal law) The consent of a tenant to the transfer of his relationship to his landlord to another person
16. The Attornment clause and foreclosure
17. Attornment is the tenant’s agreement to acknowledge the purchaser at a foreclosure
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18. Synonyms for Attornment include traditio brevi manu, assignment, conveyance, giving, transfer, alienation, consignment, demise, devise and handing down
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19. ‘Attornment clauses in mortgages are rarely created today, but the official receiver may come across old mortgages still containing such clauses.’ ‘It seems that there cannot be an Attornment when the third party holds the borrower's property in bulk with those of others, such that it …
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20. Attornment is the agreement that a tenant consents to acknowledge a person who purchases an estate that the tenant has leased as his new landlord
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21. Restated, when the owner of leased property sells the property to a third party, Attornment is the transfer of …
22. Attornment is “a constructive delivery involving the transfer of mediate possession while a third party has immediate possession”: Black’s Law Dictionary, third pocket edition (St
23. Subordination, Non-Disturbance and Attornment Agreements," Co-Author, The Utah Banker magazine (Winter 2008) " New Rules Available to Govern Commercial Letters of Credit: So Many Choices - UCP 600, UCP 500 and ISP 98, " The Utah Banker magazine (Fall 2007)
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24. One of the closing documents in a real estate financing transaction when the property is leased is a Subordination, Non-disturbance, and Attornment Agreement (“SNDA”)
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25. Attornment The consent to the transfer of a right
26. Attornment may be expressed or implied
27. For example, if a renter continues to live in his/her apartment after the landlord sells the property to a new owner, the renter implies Attornment and the new owner becomes the new landlord
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28. Synonyms for Attornment in Free Thesaurus
29. What are synonyms for Attornment?
30. "Attornment" clause, completes the picture: It prevents a tenant who has signed a subordination clause from leaving a lease situation post-foreclosure when his lease is wiped out (this comes up when the market has softened and the tenant is only too happy to get out from under an over-market lease).
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31. What Is an Attornment Agreement? An Attornment agreement is an agreement through which a tenant acknowledges a new owner of the property as his new landlord
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32. The term “Attornment” is generally used in real estate laws and is intended to acknowledge the relationship between parties to a …
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33. An Attornment is a situation in which someone recognizes and accepts the transfer of legal rights
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34. The classic situation in which Attornments occur is when a property sells, and tenants of the property recognize the buyer as their new landlord.People can also recognize the rights of a court which normally has no jurisdiction over them by attorning.
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35. Responsibilities included the review and negotiation of retail leases, amendments, estoppel certificates, and subordination, nondisturbance and Attornment agreements for approximately 556 retail
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36. Looking for a Subordination and Attornment Agreement - Landlord - Tenant - Lender on the internet might be stressful
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37. Leases often also contain Attornment provisions, which can be enforced by the lender
38. If the purchaser does not terminate the Lease, the Tenant shall remain in possession of the Property and the Tenant for itself, its successors and assigns, hereby covenants and agrees with the Lender, its successors and assigns, to make full and complete Attornment: (a) to the Lender, its successors or assigns in the event of the exercise of
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39. An Attornment Agreement helps clarify the interests of all the parties involved in a mortgaged rental property
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40. Commercial Tenant’s Lease – Estoppel and Attornment Considerations
41. Legal definition for LETTER OF Attornment: A document signed by a tenant which formally recognizes a new landlord / property owner who will take the place of …
42. Basically, in the context of an SNDA, an Attornment is the mechanical process by which the tenant agrees to recognize the lender, or the foreclosure transferee if not the lender, as the new landlord under the lease after the foreclosure is completed.
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43. Attornment (plural Attornments) (feudal law) The consent of a tenant to the transfer of his relationship to his landlord to another person
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44. An Attornment is not the creation or initiation of a new lease, beginning on the day of Attornment, since a new tenancy arises only on departure from the time and conditions in …
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45. Attornment - Translation to Spanish, pronunciation, and forum discussions
46. Principal Translations: Inglés: Español: Attornment n noun: Refers to person, place, thing, quality, etc.: UK, obsolete (law: transfer): reconocimiento nm nombre masculino: Sustantivo de género exclusivamente masculino, que lleva los artículos el o un en singular, y los o unos en plural
2 agreement by a tenant to hold his land from the owner of the fee. ATTORNMENT, estates. Was the agreement of the tenant to the grant of the seignory, or of a rent, or the agreement of the donee in tail, or tenant for life, or years, to a grant of a reversion or of a remainder made to another.
Attornment, in English real property law, is the acknowledgment of a new lord by the tenant on the alienation of land. Under the feudal system, the relations of landlord and tenant were to a certain extent reciprocal.
The "attornment" part of the agreement, which perhaps is the most confusing part of an SNDA, simply means that the tenant is agreeing to acknowledge the purchaser at the foreclosure sale as the new landlord under the lease. This is merely a way to formalize the legal relationship that exists between a landlord and the new owner of the property.
The attornment clause in an SNDA obligates the tenant to recognize the new owner of the property as its landlord regardless of whether the new owner acquired the property through a normal sale or a foreclosure. The clause also requires the tenant to continue paying rent to the new landlord for the remainder of the lease term.