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Attornment

   Also found in: Legal, Financial, Wikipedia 0.02 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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Additionally, and in lieu of a blanket recognition, the Fee Owner may agree to enter into a recognition, non-disturbance and attornment agreement with a Subtenant who meets the same criteria noted above (a "Recognition Agreement").
A selection of topics discussed includes attornment, community property, distraint, ejectment, public utilities claims, quiet enjoyment, and written disclosure.
Reserve draws, lease approvals and Subordination, Non-Disturbance and Attornment Agreements (SNDAs) occur somewhat less frequently and require more active management.
 
 
 
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