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Plano
Subordination...

Plano Texas Subordination, Non-Disturbance, and Attornment Agreement of a Lease regarding a Commercial Loan

Category:

Loans and Lending

State:

Multi-State

City:

Plano

Control #:

US-1176BG

Format:

Word;

Rich Text

Instant download

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Description

The main purpose of this document is to subordinate the lease to the deed of trust or mortgage (if applicable), and have the tenant agree to be bound by the lease to a new owner in the event of foreclosure.

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Plano Texas Subordination, Non-Disturbance, and Attornment Agreement of a Lease regarding a Commercial Loan

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Interesting Questions

What should tenants watch out for in these agreements?

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What happens if a landlord defaults on their mortgage?

Is it necessary for all commercial leases in Plano to have this agreement?

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