Contracts
A Kentucky commercial lease contains a subordination, non-disturbance, and attornment (SNDA) agreement. The 'non-disturbance' component means:
AThe tenant agrees to keep noise levels low
BThe lender agrees not to terminate the tenant's lease if the lender forecloses✓ Correct
CThe landlord agrees not to raise rents during the lease term
DThe tenant agrees to subordinate their lease to future mortgages
Explanation
In an SNDA agreement, the non-disturbance clause is the lender's agreement that if they foreclose, they will not disturb (terminate) the tenant's lease as long as the tenant is not in default. This protects the tenant from losing their lease through the landlord's foreclosure.
Related Kentucky Contracts Questions
- Under Kentucky law, a seller's disclosure form must be provided to the buyer:
- Under Kentucky contract law, which of the following makes a contract voidable?
- Under Kentucky law, a contract that was entered into under undue influence is:
- In a Kentucky real estate contract, an addendum is used to:
- A Kentucky buyer who exercises an option to purchase must do so:
- In Kentucky, consideration in a real estate contract may consist of:
- A Kentucky buyer's offer expires at noon on Friday. The seller signs and returns the accepted offer at 2 p.m. on Friday. This creates:
- Kentucky courts may refuse to enforce a contract clause that is extremely one-sided and unfair to one party under the doctrine of:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →