What is an SNDA and Why is it Important?

A Subordination, Non-Disturbance and Attornment Agreement (an “SNDA”) is often an underappreciated but extremely important document in a commercial lease transaction.  An SNDA is an agreement among a lender, its borrower (the landlord), and the tenant, detailing the rights of the parties in the event the landlord defaults on the loan and the lender forecloses and becomes the property owner/landlord. … Continue reading »