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Document Id : 384
File Type : Microsoft Word
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Alberta Nondisturbance Agreement
Prepare a Nondisturbance Agreement for the benefit of tenants of a commercial building with this template form for Alberta.
- A nondisturbance agreement is used when a landlord is placing a mortgage or other encumbrance on a building.
- The business tenants are given a measure of comfort by having the mortgage lender sign the agreement.
- The mortgage lender agrees that, if the landlord defaults on the mortgage and the property is foreclosed upon, the tenants will continue to occupy the premises undisturbed, provided that they are not in default under the lease.
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