Attornment

Attornment occurs when a tenant acknowledges a new owner of the property as their new landlord.

Term. Main definition. Letter of Attornment. A letter from a grantor to a tenant, stating that a property has been sold, and directing rent to be paid to the grantee (i.e., the new owner).

An attornment occurs when the title to an immovable property is transferred from the hands of one lessor to another. In such cases, the existing lessor will usually send a letter of attornment to the lessee notifying him of such sale and request him to make all further lease payments directly to the new lessor.

A nondisturbance clause is a provision in a mortgage contract that ensures that a rental agreement between the tenant and the landlord will continue under any circumstances.A nondisturbance clause ensures that a tenant will not be evicted in the event that the landlord goes bankrupt.

To transfer homage and service from one feudal lord to another. 2. to agree to continue as tenant under a new landlord. Derived forms. attornment (at02c8tornment)

In response to the specific questions asked, the seller's solicitor will prepare a letter to the tenant (notice of attornment) advising the tenant of the sale and directing them to pay all future rent to the buyer as directed by them, which will be handed over on settlement.

An attornment occurs when the title to an immovable property is transferred from the hands of one lessor to another. In such cases, the existing lessor will usually send a letter of attornment to the lessee notifying him of such sale and request him to make all further lease payments directly to the new lessor.

To turn over to another; transfer.