Definition, Meaning & Synonyms
attornment
Noun
/əˈtərnmənt/
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Definition
The act of acknowledging a new landlord or party to whom the tenant pays rent.
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Examples
- The tenant’s attornment was crucial for the new landlord to establish their rights.
- Without attornment, the lease could become disputed under the new ownership.
- After the property was sold, the tenants signed an attornment agreement to formalize the change.
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Meaning
Attornment refers to the process where a tenant agrees to recognize a new owner of the property they are renting, effectively transferring their lease obligations to the new owner.
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Synonyms
- Acceptance
- Recognition
- Admission