If you’re taking over an existing commercial lease or negotiating an attornment agreement with a landlord or lender, hiring a lawyer can protect you from costly surprises. A lease assignment transfers all of the original tenant’s rights and obligations to you, while an attornment agreement ensures you’ll recognize a new landlord — such as a lender after a foreclosure — as the property owner. Both documents often contain complex clauses about rent, maintenance responsibilities, defaults, and termination rights that can create hidden liabilities if overlooked. An experienced lawyer will review the lease terms, negotiate favorable conditions, and confirm compliance with local laws, giving you the confidence that your business’s occupancy is secure no matter what changes occur behind the scenes.
If you have questions about lease assignments or attornment agreements, give us a call at 263.858.5434 to find out how we can be of service.