Property Management
What is a subordination, non-disturbance, and attornment (SNDA) agreement?
AA lease termination agreement
BAn agreement where a tenant agrees to subordinate their lease to a mortgage but receive assurance they won't be disturbed if foreclosure occurs✓ Correct
CA noise and disturbance clause in a lease
DA sublease agreement
Explanation
An SNDA is a three-part commercial lease agreement: the tenant subordinates their lease to the lender's mortgage; the lender agrees not to disturb the tenant's occupancy if foreclosure occurs; and the tenant agrees to attorn (recognize) the new owner after foreclosure.
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