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27 March 2018

Understanding SNDAs with Landlords, Tenants and Foreclosures


Miller Johnson attorneys Alan Schwartz, Matt Van Dyk and Jim Ens discuss Subordination, Non-Disturbance and Attornment agreements, otherwise know as SNDAs, and the relative rights of commercial tenants and lenders who hold mortgages on the property that is being leased. Alan, Matt and Jim cover the terminology used in SNDAs, what an SNDA accomplishes, why SNDAs are important not just for lenders but also for tenants and landlords, what provisions may not be beneficial for which party, plus much more.