What is NON-DISTURBANCE AGREEMENT?

In the event of any foreclosure action against the landlord, this agreement between the tenant and the landlord’s lender ensures that the tenant is not robbed of possession of his leased party. The tenant is then expected to pay rent to the lender directly.

More On This Topic



Link to This Definition
Did you find this definition of NON-DISTURBANCE AGREEMENT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary