Property Management
What is a subordination, non-disturbance, and attornment (SNDA) agreement in Nevada commercial real estate?
AA three-party agreement managing HOA dues disputes
BAn agreement between a lender, landlord, and tenant: the tenant subordinates to the lender's mortgage, the lender agrees not to disturb the tenant if it forecloses, and the tenant attorns (recognizes) a new owner✓ Correct
CA Nevada-specific document for commercial lease terminations
DAn agreement required by NRED for all commercial property sales
Explanation
An SNDA protects commercial tenants in Nevada if the landlord defaults on their mortgage. The tenant agrees their lease is subordinate to the mortgage; the lender agrees not to disturb the tenant's possession if it forecloses; and the tenant agrees to recognize and pay rent to a new owner who acquires the property.
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