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attornment

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Attornment
The consent to the transfer of a right. Attornment may be expressed or implied. For example, if a renter continues to live in his/her apartment after the landlord sells the property to a new owner, the renter implies attornment and the new owner becomes the new landlord. The term derives from English feudalism.

attornment
See attorn.


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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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