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The Subordination, Non-Disturbance and Attornment Agreement

July 31, 2003

The Subordination, Non-Disturbance and Attornment Agreement (“SNDA”) is often misunderstood by landlords and tenants in a lease transaction, and consequently is frequently disregarded. The failure to obtain a SNDA for the benefit of a tenant may result in an unanticipated early termination of a lease. In the face of current economic uncertainty, it is helpful to review the importance to a tenant of obtaining a SNDA from existing mortgagees of a landlord/property owner.

Resources

7-31 subordination.pdf

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