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Agency Name: Lessor Name: Lease #: COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF GENERAL SERVICES GSRE-61 (Rev. 4/04) NON-DISTURBANCE AND ATTORNMENT AGREEMENT MORTGAGEE? S FEDERAL I.D.# Made the day

How to fill out non-disturbance and attornment agreement

How to fill out a non-disturbance and attornment agreement:

1. Start by gathering all the necessary information and documents. You will need the names and contact information of the landlord, tenant, and any relevant lenders.
2. Identify the property that is the subject of the agreement. Include the address and any specific details that are relevant.
3. Clearly state the purpose of the agreement, which is to establish the rights and obligations of the tenant, landlord, and lender in the event of a lease termination or foreclosure.
4. Include a clause that indicates the responsibilities and obligations of the tenant. This may include provisions relating to rent payment, maintenance of the premises, and compliance with any rules or regulations.
5. Outline the rights and obligations of the landlord. This may include providing notice of any sale or transfer of the property, maintaining the property, and ensuring that the tenant's rights are respected in the event of a foreclosure.
6. Address the lender's rights and obligations. This may involve granting the lender the right to step into the landlord's shoes in case of default or foreclosure, as well as ensuring that the tenant's rights are protected in such circumstances.
7. Include any additional provisions or conditions that are relevant to the specific situation. This may include clauses regarding subordination, the right to cure default, and dispute resolution mechanisms.
8. Review the agreement thoroughly to ensure that all the terms and conditions are accurately reflected and clear to all parties involved.
9. Once both the tenant and landlord have reviewed and agreed to the terms, the agreement should be signed and notarized by all parties.

Who needs a non-disturbance and attornment agreement:

1. Commercial tenants: Businesses that lease commercial properties, such as office spaces, retail stores, or industrial units, often require non-disturbance and attornment agreements. These agreements protect their rights in case of a foreclosure by ensuring that the new owner or lender honors the existing lease.
2. Lenders: Financial institutions or lenders providing loans for commercial properties often request non-disturbance and attornment agreements to protect their investment in case of default or foreclosure. These agreements allow them to continue receiving rent from the tenant and maintain the stability of the property's cash flow.
3. Landlords: Landlords may also find it beneficial to have a non-disturbance and attornment agreement in place, as it protects their interests and ensures that their tenants will not be negatively impacted by any changes in ownership or lender relationships.

Overall, non-disturbance and attornment agreements provide a level of security and stability for all parties involved in commercial leasing transactions. By clearly defining the rights and obligations of each party, these agreements help prevent disputes and ensure a smooth transition in case of unforeseen events.

For pdfFiller’s FAQs

What is non-disturbance and attornment agreement?

A non-disturbance and attornment agreement is a legal document that is typically signed between a tenant, a landlord, and a lender. It ensures that the tenant's lease will not be disturbed even if the property is foreclosed upon by the lender.

Who is required to file non-disturbance and attornment agreement?

Typically, tenants who are leasing a property that is subject to a mortgage are required to file a non-disturbance and attornment agreement with the lender.

How to fill out non-disturbance and attornment agreement?

Non-disturbance and attornment agreements can vary in format, but generally, they require input from the tenant, landlord, and lender. It is recommended to seek legal advice when filling out this agreement.

What is the purpose of non-disturbance and attornment agreement?

The purpose of a non-disturbance and attornment agreement is to protect the tenant's rights in the event of the landlord defaulting on the mortgage and the property being foreclosed upon by the lender.

What information must be reported on non-disturbance and attornment agreement?

The non-disturbance and attornment agreement typically includes information about the tenant, landlord, lender, property address, lease terms, and any specific agreements between the parties.

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