What is suborination and non disturbance agreement?
The correct term is "subordination". This is an agreement signed
by a tenant and landlord of commercial property which is a
recognition on the part of the tenant that the lease is subordinate
to any mortgage which the landlord has or may in the future place
on the property. Lenders sometimes want this so that the tenant
recognizes that the lease does not have priority over a mortgage
granted by the lender. The non disturbance agreement generally
signed by the lender and/or landlord which indicates that so long
as the tenant is not in default of the lease, the possession of the
tenant will not be "disturbed" or in other words, the tenant will
be allowed to remain in the premises even if the landlord should be
in default of the mortgage.