Accelerate construction project

Construction Contract Acceleration Agreement

A letter from the owner of a commercial property to a tenant, directing the tenant to pay future sums due under the lease to the new owner of the property.

What to watch out for

  • That the letter is on the letterhead of the seller of the commercial property
  • The date of the letter
  • The name and address of the tenant to whom the letter is addressed
  • That the letter states that the tenant is to pay future sums due under the lease to the new owner of the property
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    Relevant Contract Types

    🏠 Acceleration agreement

    A acceleration agreement is a document that outlines the terms and conditions of a loan agreement between a lender and a borrower. The agreement includes the amount of money being borrowed, the interest rate, the repayment schedule, and the collateral.

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