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Attornment |
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Attornment The act of granting authority or jurisdiction to a party even though no legal rights exist. Notes: For example, This occurs when you lease an apartment and the owner changes. No legal right exists to the new owner unless an attornment agreement is signed. See also: Lease |
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| 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. |
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