Real Estate Glossary

The following are some common real estate terms you may run across during the process of buying or selling your home.

Attornment

A tenant's formal recognition of a new landlord. A mortgagee, who becomes an owner by foreclosure, with the tenant recognizing the mortgagee as the new landlord, has a defense against claims for rent by the defaulting mortgago r. Attornment starts a new tenancy between the new owner and the tenant.

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