Attornment And Non Disturbance Agreement for Philippines

Attornment And Non Disturbance Agreement Template for Philippines

A comprehensive legal agreement governed by Philippine law that establishes and regulates the relationship between a tenant, landlord, and lender in a mortgaged property scenario. The agreement ensures that the tenant's lease rights are protected in the event of a foreclosure or enforcement of the lender's security interest, while simultaneously protecting the lender's security interest and establishing the tenant's obligation to recognize the lender as landlord in specific circumstances. The document incorporates relevant provisions of the Philippine Civil Code and property laws to create a balanced framework for all parties' rights and obligations.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free
Upload to review

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Attornment And Non Disturbance Agreement?

The Attornment And Non Disturbance Agreement is a crucial document in Philippine real estate financing and leasing arrangements, typically used when a property owner seeks to mortgage a property that is already leased to tenants or plans to lease a mortgaged property. The agreement serves multiple purposes: it protects tenants from losing their lease rights if the lender forecloses on the property, commits the lender to honor the lease terms, and ensures the tenant will recognize the lender as their new landlord in case of foreclosure. This tripartite agreement is particularly important in the Philippine context, where it helps facilitate commercial property financing while providing security for all parties involved. The document must comply with Philippine property laws, banking regulations, and the Civil Code, particularly in relation to real estate transactions and security interests.

What sections should be included in a Attornment And Non Disturbance Agreement?

1. Parties: Identifies all parties to the agreement: typically the Landlord, Tenant, and Lender/Mortgagee

2. Background: Recitals explaining the lease arrangement, mortgage/security interest, and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement, including Property, Lease, Mortgage, and Security Documents

4. Acknowledgment of Lease: Confirmation of the existing lease terms and tenant's possession rights

5. Attornment: Tenant's agreement to recognize the lender as landlord upon enforcement of security

6. Non-Disturbance: Lender's commitment not to disturb tenant's possession rights upon foreclosure

7. Landlord's Consent: Landlord's agreement to the attornment and non-disturbance arrangements

8. Priority of Mortgage: Confirmation of the priority of the mortgage over the lease

9. Notice Requirements: Procedures for serving notices between parties

10. Governing Law and Jurisdiction: Specifies Philippine law as governing law and relevant jurisdiction

11. Execution: Signature blocks and execution formalities

What sections are optional to include in a Attornment And Non Disturbance Agreement?

1. Rent Payment Provisions: Used when specific arrangements for rent payment to lender need to be established post-enforcement

2. Insurance and Casualty: Include when specific insurance arrangements need to be coordinated between all parties

3. Assignment and Subletting: Include when there are specific restrictions or permissions regarding assignment or subletting

4. Modifications to Lease: Include when certain lease modifications require lender consent

5. Estoppel Provisions: Include when parties need to certify certain facts about the lease arrangement

6. Remedies: Include when specific remedies need to be outlined for breach of the agreement

7. Registration Requirements: Include when the agreement needs to be registered with Philippine authorities

What schedules should be included in a Attornment And Non Disturbance Agreement?

1. Schedule A - Property Description: Legal description of the property including lot numbers, boundaries, and title details

2. Schedule B - Lease Details: Key terms of the lease including date, parties, and essential provisions

3. Schedule C - Mortgage Details: Details of the mortgage or security interest including registration information

4. Schedule D - Permitted Use: Description of permitted use of the property under the lease

5. Appendix 1 - Property Plans: Floor plans or site plans of the leased premises

6. Appendix 2 - Special Conditions: Any special conditions or requirements specific to the property or arrangement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Philippines

Publisher

Genie AI

Cost

Free to use

Find the exact document you need

Lien Subordination Agreement

A Philippine law-governed agreement that establishes priority arrangements between multiple lienholders having security interests over the same property or assets.

Download

Attornment And Non Disturbance Agreement

A Philippine law-governed agreement establishing rights and obligations between tenant, landlord, and lender in mortgaged property situations, ensuring tenant protection and lender security.

Download

Lease Subordination Agreement

A Philippine law-governed agreement that subordinates a tenant's lease rights to a lender's mortgage while protecting the interests of all parties involved.

Download

Landlord Lien Subordination Agreement

A Philippine law agreement where a landlord subordinates their lien rights to a tenant's lender's security interests, facilitating tenant financing while protecting lender priority.

Download

Easement Subordination Agreement

A Philippine law-governed agreement that modifies the priority of an existing easement in relation to other property interests, typically used in property development and financing.

Download

Letter Of Subordination Of Debts

A Philippine law-governed document that establishes payment priority between creditors, subordinating certain debts to others in terms of payment rights and security.

Download

Intercreditor And Subordination Agreement

A Philippine law-governed agreement establishing priorities and relationships between different classes of creditors, defining their respective rights and obligations in relation to shared debtor obligations.

Download

Non Disturbance Agreement

A Philippine-law governed agreement ensuring tenant's lease rights survive landlord's loan default and foreclosure, establishing obligations between landlord, tenant, and lender.

Download
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now