Document background
The Attornment And Non-Disturbance Agreement (ANDA) is a critical document in Irish commercial real estate transactions where a property is subject to both a mortgage and a lease. It is typically used when a property owner obtains financing secured by a property that is (or will be) leased to commercial tenants. The agreement serves three main purposes: it ensures the tenant will continue to recognize their obligations under the lease if the lender takes over the property; it protects the tenant's right to remain in the property even if the landlord defaults on their loan; and it preserves the lender's security interest in the property. Under Irish law, this agreement is particularly important as it provides certainty and protection for all parties involved, aligning with both Irish property law principles and commercial lending practices.
