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SNDA, Financing, Subordination And Nondisturbance Forms |
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LA 791 Subordination, Attornment And Non-Disturbance Agreement This form is a subordination, attornment and non-disturbance agreement (commonly referred to as SNDA) designed for a commercial lease. The document effects a subordination of the tenant’s lease to the financing encumbering the property, and provides the tenant with some measure of possessory rights if the landlord finds itself in default under the financing. In such a case, the tenant will not be disturbed if it continues to pay rent and otherwise perform under the lease. Number of Double Spaced Pages: 7 |
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