Attornment Agreements: Secure Your Commercial Lease Now
Ever wondered about the fine print in your commercial lease? One often-overlooked clause, the attornment agreement, can significantly impact your business. This guide demystifies attornment agreements, explaining their importance and providing actionable strategies for tenants, landlords, and lenders. Understanding this legal safeguard can protect your interests in commercial real estate transactions. What is an Attornment Clause? An attornment clause is a provision within a commercial lease (often part of a Subordination, Non-Disturbance, and Attornment Agreement, or SNDA) that addresses changes in property ownership....