11:44
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Simple English definitions for legal terms
attornment
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A quick definition of attornment:
Attornment is when a tenant agrees to have a new landlord. It's like saying "okay, you can be my new landlord now." It can also mean when someone who is holding something for someone else agrees to hold it for a different person instead. This is called a "constructive delivery."
An attractive nuisance is something that can be dangerous or annoying to people nearby. It could be a loud noise or a bad smell. If it hurts someone or makes it hard for them to use their property, the person who caused the nuisance might be responsible.
A more thorough explanation:
Definition: Attornment is a tenant's agreement to hold the land as the tenant of a new landlord. It can also refer to a bailee's acknowledgment that they will hold goods on behalf of someone other than the bailor.
Example: If a tenant's landlord sells the property to a new owner, the tenant may be required to sign an attornment agreement to acknowledge the new owner as their landlord. This agreement ensures that the tenant recognizes the new owner's right to collect rent and enforce lease terms.
Another example of attornment is when a bailee agrees to hold goods on behalf of a new owner instead of the original owner. For instance, if a warehouse holds goods for a seller, and the seller sells the goods to a buyer, the warehouse may need to sign an attornment agreement to acknowledge that they will hold the goods for the buyer instead of the seller.
These examples illustrate how attornment is a legal agreement that transfers the rights and responsibilities of property ownership or possession from one party to another.