Attornment


Definition of "Attornment"

Tenant agrees to a replacement landlord.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Nonperformance

Failure or refusal to perform a specified action. The failure to fulfill contractually agreed upon terms or actions. Nonperformance creates a liabilit ...

Market Segmentation

Process of defining submarkets within an overall market. Market segmentation is the process of defining the suitability of a submarket for a specific ...

Credit History

History of an individual's credit financial transactions including a detailed payment analysis. The creditor history is critical for performing a cred ...

Unearned Increment

Unexpected increase in the price of property not due to any effort on the owner's part. An example is when the appraised value of a house increases be ...

Notice Of Cancellation Clause

A notice, usually in writing, in which notice of termination is given by one individual or business to another. It is pursuant to a cancellation pr ...

Economic Rent

The amount of rent a property could command in the open market. See also market rent. ...

Popular Real Estate FAQ

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders us ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is sometimes referred to as the buyer\'s agent, because ...

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard insurance coverage for a residence and its contents. ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or sell ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the property. ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a house on your behalf. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Why Right Now is a Good Time for Millennials to Buy a Home Build or Buy? That’s the Big Question How To Get A Loan with Bad Credit Finding Your Real Estate Niche: For Sale By Owner 10 Real Estate Tips for Homebuyers

FAQ

What is homeowners association (HOA)? What do I need to know about Managed Care Insurance: HMO, PPO, & and POS plans? What do I need to know about Motorcycle Insurance? What is an investment property? Who is a subagent?