Tenants should get a Subordination Non-Disturbance and Attornment Agreement (SNDA) from the landlord's lender to make sure that the lender agrees not to disturb the tenant's possession of the premises if there is a foreclosure.
Subordination, Non-Disturbance and Attornment Agreements
A tenant's goal in negotiating a SNDA is to protect the rights that it has negotiated with its landlord if the landlord's lender or any third-party purchaser acquires the property.
By
Amy M. Mitchell And Lara KirkhamThis premium content is locked for LawJournalNewsletters subscribers only
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