Recognition, Attornment and Assent to Leasehold Mortgage
(Ground Lease)

Summary

The Recognition, Attornment, and Assent to Leasehold Mortgage template is executed between the landowner, as landlord, the leasehold lender, and the tenant in a ground lease transaction where a loan is being made by the lender to the tenant and such loan is secured by a leasehold mortgage. This template includes practical guidance and drafting notes. This template provides protections for the benefit of the leasehold lender, such as limiting the landlord's right to terminate the ground lease.