The real estate non-disclosure agreement is to be used for any commercial or residential property to safeguard confidential information about the property, its tenant(s), or the owner. This agreement is commonly required to be authorized by the tenant/buyer before any of the owner’s information may be transferred. Upon the signature of the receiving party, the information shared is to be kept private. If any third (3rd) party should view the information, it could lead to monetary damages.
Tenant / Lessee – For use when the landlord agrees to give information about the property in confidence with the hope of a lease agreement.
Buyer / Purchaser – For use when the property owner gives information about the property to a potential buyer with the understanding that no third (3rd) party may view any of the shared documents or information.