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What does attornment mean?
What does attornment mean in real estate?
What does attorn mean?
What is an example of attornment?
The meaning of ATTORN is to agree to be tenant to a new owner or landlord of the same property.
- What Is Attornment?
- Understanding Attornment
- Attornment in Commercial Leases
Attornment is the act of granting authority or jurisdiction to a party even though no legal rights exist. It applies mainly to real estatetransactions and may occur when a tenant acknowledges a new owner of the property as their new landlord. In the case of commercial property changing hands, an attornment clause in a subordination, non-disturbance...
Attornment is most commonly associated with real property laws and is designed to acknowledge the relationship between the parties in a transaction. For example, attornment may occur when a tenant leases an apartment only to have the owner change during the lease. The attornment agreement does not create a new set of rights for the owner unless the...
Commercial leases often contain an SNDA. This is an agreement between a tenant and landlord that describes the specific rights of the tenant and landlord. The SNDA might also provide information on other third parties such as the landlord’s lender or the purchaser of the property. There are three parts: 1. subordination clause (S) 2. non-disturbanc...
Attornment. 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. Under the feudal system, the relations of landlord and tenant were to a certain extent reciprocal. So it was considered unreasonable to the tenant to subject him to a new lord ...
attornment: noun agreement , arrangement , commitment , compact , condition , deal , liability , prerequisite , provision , proviso , requisite , stipulation ...
Define attornment. attornment synonyms, attornment pronunciation, attornment translation, English dictionary definition of attornment. Law intr.v. at·torned , at·torn·ing , at·torns v. intr. To recognize or bring about a transfer, especially of property.
Jul 1, 2024 · N. An act by a bailee (see bailment) in possession of goods on behalf of one person acknowledging that he will hold the goods on behalf of someone else. The attornment notionally transfers possession to the other person (constructive possession) and can thus be a delivery of goods sold. From: attornment in A Dictionary of Law ». Subjects: Law.
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. Lindley v. Dakiu, 13 Ind. 388; Willis v.
