Subordination, Attornment, and Nondisturbance Agreement
Date:
Lender:
Lender’s Address:
Lease
Date:
Landlord:
Tenant:
Tenant’s Address for Notices:
Deed of Trust
Date:
Grantor:
Beneficiary:
Recording information (if known):
Property:
Tenant agrees to the following:
1.The Lease is subordinate to the Deed of Trust and all modifications, renewals, and extensions.
2.Tenant will not prepay rent more than one month before its regular monthly payment date.
3.Tenant will pay rent as instructed by a notice in substantial compliance with Texas Property Code section 64.056, received by Tenant at Tenant’s Address for Notices.
4.Tenant will attorn to the purchaser at any foreclosure sale under the Deed of Trust.
5.Lender will have no obligations and incur no liability under the Lease beyond Lender’s equity in the Property.
6.Tenant will not terminate the Lease until Tenant has given written notice of Landlord’s default to Lender and Lender has failed to cure the default within thirty days.
Lender agrees to the following:
1.Tenant may change Tenant’s Address for Notices by delivering to Lender at Lender’s Address a signed notification of the change.
2.The Lease will not be terminated in any foreclosure pursuant to the Deed of Trust.
3.The purchaser at foreclosure sale will take title to the Property subject to the terms of the Lease, and Tenant’s occupancy will not be disturbed except in accordance with the Lease.
[Name of lender]
[Name of tenant]
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Include acknowledgments if agreement is to be recorded. |