SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENTS IN COMMERCIAL LEASING AND REAL ESTATE FINANCE
May 16, 2019 | (1:00 - 2:30 pm)
USA (United States of America)
This topic presents an overview of the Subordination, Non-Disturbance and Attornment Agreement (SNDA) and how to prepare one. Many lenders require SNDAs as a condition to the closing of a mortgage loan, and tenants are frequently asked by their landlords to sign SNDAs. Some tenants insist on obtaining an SNDA prior to entering into a lease. You will learn why SNDAs are important, the key elements of an SNDA, and how an SNDA is like a prenuptial agreement for two parties who do not want or intend to get married. The information will consider both lender and tenant objectives for an SNDA and will present practical tips for drafting and negotiating an SNDA.