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Attornment

   Also found in: Legal, Financial, Wikipedia 0.03 sec.
at·torn  (-tûrn)
intr.v. at·torned, at·torn·ing, at·torns
To agree to remain as a tenant of property after the transfer of its ownership.

[Middle English attournen, from Old French atorner, to assign to : a-, to (from Latin ad-; see ad-) + torner, to turn; see turn.]

at·tornment n.


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That's why so called boilerplate issues like subordination, non-disturbance and attornment are important to tenants.
Similarly, an attornment provision should be added, providing that the tenant will attorn to any new owner of the property after a foreclosure, and that the tenant will provide estoppel certificates and minor lease amendments where necessary to satisfy a lender.
That's why so called boilerplate issues like subordination, non-disturbarce and attornment are important to tenants.
 
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