A
A tenant's agreement to recognize a new property owner or lender as its landlord following a foreclosure, transfer or similar event.
Attornment is a tenant's agreement to recognize a new property owner or lender as its landlord following a foreclosure, transfer or similar event. Attornment commonly appears alongside subordination and non-disturbance provisions in an SNDA.
The provision can determine whether the lease continues and what obligations remain in place following a change in ownership.
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