1 |
attornmentDefinition A tenant's formal agreement to be a tenant of a new landlord. For example, if a previous landlord defaults and the property is foreclosed upon, the new owner may ask all tenants to sig [..]
|
2 |
attornmentIn respect of a Pledge over goods or documentary intangibles, an agreement, typically by a third party, to hold the goods or documents for a creditor instead of a debtor. Provides the creditor with constructive possession of the goods or documentary intangibles and together with an intent to Pledge creates and perfects the Pledge.
|
3 |
attornmentAttornment means to agree to remain as a tenant of a new landlord after the transfer of ownership of the property. It also means to transfer money or goods to another.
|
<< attorney's opinion of title | attributable profit >> |