Business and Personal Finance Dictionary

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• NONDISTURBANCE AGREEMENT
  
  An agreement used in some commercial mortgage loans that are secured by interests in real estate leased to tenants. In a nondisturbance agreement, the lender promises the tenant that in the event of foreclosure, the lender will not cancel the tenant’s lease. Often, lenders have to give nondisturbance agreements to tenants in order to induce the tenants to provide the lender with subordination and attornment agreements and/or tenant estoppel letters.
  
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