Contracts
A Mississippi commercial lease contains a 'SNDA' clause. SNDA stands for:
ASeller's Net Distribution Agreement
BSubordination, Non-Disturbance, and Attornment✓ Correct
CStandard Non-Disclosure Agreement
DSpecific Notice of Default Agreement
Explanation
SNDA agreements protect commercial tenants in the event of a lender foreclosure. Subordination: the lease is subordinate to the lender's mortgage.
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