Document background
The Attornment And Non-Disturbance Agreement is a crucial document in Pakistani real estate and financing transactions where property is both leased and mortgaged. It becomes necessary when a property owner (landlord) has both tenants occupying their property and a mortgage with a lender. The agreement serves to balance the interests of all three parties by ensuring that: (1) the tenant's lease rights are protected even if the landlord defaults on their mortgage, (2) the lender's security interest is preserved, and (3) the landlord can effectively manage their property while meeting both lease and mortgage obligations. This type of agreement is particularly important in commercial property transactions in Pakistan, where it provides certainty and protection for all parties involved. The document must comply with Pakistani contract law, property law, and registration requirements to be legally enforceable.
