Document background
The Non-Disturbance Agreement is a critical document in Irish commercial real estate transactions where a property is both mortgaged and leased. It becomes necessary when a commercial tenant requires assurance that their occupancy rights will be protected if their landlord defaults on their mortgage or the property is foreclosed upon. The agreement typically contains provisions detailing the relationships between the lease and the mortgage, the lender's commitments to honor the lease terms, and the specific conditions under which the tenant's rights will be preserved. This document is particularly important in Ireland's commercial property market, where it helps facilitate property financing while protecting tenant interests, thereby supporting stable commercial leasing arrangements.
