Attornment | Propertylogy

Attornment

By on December 25, 2018

Attornment refers to the formal agreement by a tenant to be a tenant of a new landlord in the same property.

The tenant’s legal recognition of the new landlord can have material implications.

Circumstances like these can arise when there is a foreclosure or sale of the property.

This enables the new owner to avoid liabilities that the previous owner might have with the tenant.

When the property has been foreclosed by a lender due to default of the mortgage, the mortgagee will become the new landlord.

And can be a defense against the former owner’s claim for rental due.


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