Products tagged with 'agreement not to foreclose'

Prepare a Nondisturbance Agreement for a leased shopping mall premises with this downloadable template.

• The Agreement is made between the landlord, the tenant, a mortgage lender who holds a mortgage on the shopping center (mortgagee), and a lender who is making a commercial loan to the tenant.
• The lender requires the tenant to grant security over the premises in the form of a sublease, which requires the consent of both the landlord and the mortgagee.
• The lender agrees not to take possession of the premises if the landlord defaults under its mortgage.
• This is a generic legal document which is not specific to any country.
• The Nondisturbance Agreement for Shopping Mall Premises is available as a downloadable MS Word file.