The „attornment” part of the agreement, which is perhaps the most confusing part of an SNDA, simply means that the tenant agrees to recognize the buyer as the new lessor under the lease upon the forced sale. This is only a way to formalize the legal relationship between an owner and the new owner of the property. The legal relationship of the contract creates rights and obligations for the parties that allow them to bring an action in case of non-compliance with the contract by a party. If the lease exists at the time the lender registers its security interest in the immovable property, the lease is greater than the interest of the collateral and, upon enforcement by the lender, the title received by the buyer at the time of the forced sale is subordinated to or subject to the existing lease. If a tenant signs an SNDA, the tenant agrees to reverse the priorities and the resulting result during the enforcement. indeed, that the interest of the lender`s guarantee is higher than the existing rental contract and that, in the event of enforcement by the lender, the title that the buyer receives at the time of the forced sale is greater than the existing lease. . . .

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