Non-disturbance agreement

Non-disturbance agreement,

Definition of Non-disturbance agreement:

  1. Agreement between a tenant (or lessee) and the landlords (or lessors) lender to ensure the tenant will remain in possession of the leased property, despite any foreclosure action against the landlord. And that, in such circumstances, the tenant may pay rent directly to the lender.

Meaning of Non-disturbance agreement & Non-disturbance agreement Definition