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Landlords Subordination

Obermayer Rebmann Maxwell & Hippel LLP

SNDA Protection For Commercial Tenants Upon Property Foreclosure

Just last month, it was reported that the Montgomery Mall in Montgomery Township, Pennsylvania was foreclosed upon after it failed to make monthly payments on its loan. How does this foreclosure impact the mall’s tenants?...more

Snell & Wilmer

Landlords Beware: Subordination Agreements

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In the recent Arizona Court of Appeals case Earle Investments, LLC v. Southern Desert Medical Center Partners, 762 Ariz. Adv. Rep. 12 (2017), the Court of Appeals addressed the question of the scope of a subordination...more

Arnall Golden Gregory LLP

SNDA – What is It and Why is It Important?

What is an SNDA? An SNDA, or subordination (the “S”), non-disturbance (the “ND”) and attornment (the “A”) agreement, is an agreement between the lender providing financing to the landlord and a tenant of the property. ...more

Snell & Wilmer

Lenders Can Prepare for Tenant Offset Rights in SNDAs

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Tenants’ limited recourse to their landlords has made “offset rights” a major issue in negotiating Subordination, Non-Disturbance and Attornment Agreements (SNDAs). Tenant offset rights arise when the tenant has the...more

Winstead PC

Preparing for the Worst: Texas SNDAs get lenders, landlords and tenants on the same page in the event of foreclosure

Winstead PC on

Subordination, Non-Disturbance and Attornment agreements (SNDAs) allow lenders, landlords and tenants to collectively plan for the worst case scenario — foreclosure. In the event of foreclosure and in the absence of an SNDA,...more

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