Nondisturbance Clause | Real Estate Glossary

Definition of "Nondisturbance clause"

Clause inserted into a commercial lease by a mortgagee stating the lessee's current lease will not be terminated if there is a foreclosure action against the landlord for the failure to pay a mortgage. Without this clause, a tenant could be evicted in the event of a foreclosure action by the mortgagee.
Clause inserted in a property sale agreement, where the property owner does not have mineral rights, stating any surface improvements made by the property owner will not be disturbed by any subsequent mineral exploration and recovery activities.

Goods that are freely substitutable. It is goods of a given class or type, any unit of which is as a ...

Premium rate charged by the insurance company (insurer), which is below the standard rate. ...

Coverage for all kinds of personal property whether inside or outside an insured's (home) to include ...

An attorney's opinion of the status of a title, which is attached to the abstract of title. ...

Practice of selling those securities whose price has increased and retaining those securities whose ...

Policy that pays a specified sum not related in any way to the extent of the loss. The term applies ...

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

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