PROPERTY & LEASING
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SNDA
Also called: subordination non-disturbance and attornment agreement · non-disturbance agreement
An agreement among landlord, tenant and lender addressing priority, continued occupancy and recognition of the lease following specified lender actions.
What it means in practice.
SNDAs can be important in financed commercial properties with significant tenants.
Why it matters.
Lease value and lender rights can depend on documents beyond the lease itself.
Additional notes.
SNDAs can be important in financed commercial properties with significant tenants.
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