Sentences with phrase «tenant subordination agreement»
«This Tenant Subordination Agreement states that you, as the tenant, agree to subordinate your priority under your lease with the landowner to the Wind Farm Lease and provide your consent for EDF Renewables Development, Inc. and their affiliates to develop and use of the property, as indicated under the terms of the Wind Farm Lease.»
https://www.wind-watch.org/ Not exact matches
When renting a mortgaged property, tenants, landlords, and lenders can all benefit from a Non-Disturbance Agreement, also called a Subordination Non Disturbance and Attornment (SNDA) Agreement.
A Lease Subordination Agreement can help protect the interests of a tenant, so that if there is a transfer of ownership of the property, they can continue to pay the rent and accept the new owner as his or her new landlord.
In other words, the tenant's rights are subordinate, which is why this document is also sometimes called a Subordination Agreement.
Also, each tenant must subordinate its lease to the lien of our mortgage by executing an acceptable Subordination, Attornment and Non-Disturbance Agreement («SNDA»).
Prepared title curative instruments for title curative purposes including AFFH, AFF of Use, Possession and Non-Production, Tenant's Consent, Subordination Agreements, Lease Ratifications etc..
Well - drafted commercial leases require the timely return of tenant estoppel certificates and subordination, non-disturbance and attornment agreements (SNDAs).
If you're borrowing funds which will be secured by a commercial property that you will in turn lease out to tenants, then a subordination, non-disturbance and attornment (SNDA) agreement will be a crucial part of finalizing the deal.