Finance
Under Montana law, a 'subordination, non-disturbance, and attornment agreement' (SNDA) in commercial real estate protects:
AThe seller's commission rights
BA tenant's right to remain in possession under their lease if the property is foreclosed upon, while the tenant recognizes the new owner as landlord✓ Correct
CThe lender's lien priority over the tenant's lease
DOnly the property owner's rights
Explanation
An SNDA agreement protects both lender and tenant in commercial real estate: the tenant agrees to subordinate their lease to the mortgage (subordination) and recognize a new owner (attornment), while the lender agrees not to disturb the tenant's lease in foreclosure (non-disturbance).
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