Attornment clauses in nonresidential leases

This article discusses attornment, subordination and nondisturbance clauses in nonresidential lease agreements, and their use by landlords and lenders to alter the priorities of leases and trust deeds. Altering priorities for lenders A lender holds a recorded trust deed lien on the fee ownership interest in nonresidential income-producing real estate. The trust deed contains a … Continue reading Attornment clauses in nonresidential leases