Mississippi lenders, prepare a
Subordination, Non-Disturbance and Attornment Agreement in connection with a commercial mortgage loan with this template form.
- The Agreement is between the lender, the borrower, and a tenant who has leased all or part of the mortgaged premises.
- The tenant agrees to subordinate the lease and its leasehold rights to the lender’s lien in connection with the mortgage loan.
- If the lender forecloses on the property, the lender agrees not to disturb the tenant’s use of the leased premises so long as the tenant is not in default under the lease.
- If the property is foreclosed and sold, the tenant agrees to attorn to the purchaser as the landlord under the lease.
This
Mississippi Subordination, Non-Disturbance and Attornment Agreement template is available as a downloadable MS Word form which is fully editable to meet your requirements.
