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Deed Of Attornment
"I need a Deed of Attornment for our office building at 123 Business Ave, where ABC Bank is taking over as the new landlord from XYZ Properties on March 1, 2025, and we need to ensure our existing 10-year lease terms remain protected."
1. Parties: Identification of landlord, tenant, and new landlord/mortgagee
2. Background: Context of the original lease and change in property ownership/control
3. Definitions: Key terms including Property, Lease, Attornment, Original Landlord
4. Attornment Covenant: Tenant's agreement to recognize new landlord
5. Confirmation of Lease Terms: Affirmation of existing lease terms
6. Execution: Signature blocks and attestation
1. Non-Disturbance Provisions: Protections for tenant's continued occupancy, used when mortgagee is involved
2. Estoppel Certificates: Tenant's confirmation of lease status, used in financing contexts
3. Subordination Provisions: Tenant's agreement to subordinate lease to mortgage, used in financing
1. Schedule A - Property Description: Legal description of the subject property
2. Schedule B - Original Lease: Copy or summary of the original lease agreement
3. Schedule C - Mortgagee Details: Details of mortgage if applicable
Authors
Original Landlord
New Landlord
Mortgagee
Property
Lease
Original Lease
Lease Terms
Effective Date
Premises
Tenant
Rent
Security Deposit
Mortgage
Loan Agreement
Permitted Use
Term
Commencement Date
Security Interest
Non-Disturbance Agreement
Subordination
Business Day
Event of Default
Applicable Law
Governing Law
Recognition
Non-Disturbance
Subordination
Lease Confirmation
Estoppel
Notice
Representations and Warranties
Authority
Binding Effect
Further Assurances
Severability
Governing Law
Amendment
Counterparts
Successors and Assigns
Entire Agreement
Default Remedies
Recording Rights
Indemnification
Compliance with Laws
Waiver
Assignment
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