Property Management
In Wyoming, a SNDA (Subordination, Non-Disturbance, and Attornment) agreement in commercial leasing protects:
AThe landlord's right to collect rent
BThe tenant's right to remain in possession if the property is foreclosed✓ Correct
CThe lender's first lien priority
DThe property manager's compensation
Explanation
An SNDA agreement provides three protections: (1) Subordination - the lease is subordinate to the lender's mortgage; (2) Non-Disturbance - if there is a foreclosure, the lender will not disturb the tenant's possession as long as the tenant complies with the lease; (3) Attornment - the tenant agrees to recognize a new owner after foreclosure.
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