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attornment

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
attornment noun agreement, arrangement, commitment, compact, condition, deal, liability, prerequisite, provision, proviso, requisite, stipulation, understanding

ATTORNMENT, estates. Was the agreement of the tenant to the grant of the seignory, or of a rent, or the agreement of the donee in tail, or tenant for life, or years, to a grant of a reversion or of a remainder made to another. Co. Litt. 309; Touchs. 253. Attornments are rendered unnecessary, even in England, by virtue of sundry statutes, and they are abolished in the United States. 4 Kent, Com. 479; 1 Hill. Ab. 128, 9. Vide 3 Vin. Ab. 317; 1 Vern. 330, n.; Saund. 234, n. 4; Roll. Ab. h.t.; Nelson's Ab. h.t.; Com. Dig. h.t.



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That's why so called boilerplate issues like subordination, non-disturbance and attornment are important to tenants.
Similarly, an attornment provision should be added, providing that the tenant will attorn to any new owner of the property after a foreclosure, and that the tenant will provide estoppel certificates and minor lease amendments where necessary to satisfy a lender.
That's why so called boilerplate issues like subordination, non-disturbarce and attornment are important to tenants.
 
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