SNDA

SNDA
Subordination, Non-disturbance and Attornment Agreement (SNDA)
USA
In a leasing context, an agreement that is usually among a landlord's lender, a tenant and a landlord. Sometimes there are third parties with an interest in the real property who are also signatories to the SNDA, such as a ground lessor. A SNDA primarily sets out the understanding between the parties concerning their respective liens and their rights and obligations to each other if the lender exercises its foreclosure rights under the mortgage.
A SNDA generally includes a:
• Tenant's subordination of its lease to the mortgage.
• Tenant's recognition of the lender (or successor purchaser) as the new landlord if the landlord defaults under its mortgage and the lender exercises its remedies under the mortgage, such as a foreclosure action or deed in lieu of foreclosure.
• Lender's agreement to not terminate the tenant's lease if the lender does exercise its default remedies against the landlord.
• Landlord's acknowledgement of the terms of the agreement between the lender and the tenant.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • SNDA — sigla Società Nazionale Dante Alighieri …   Dizionario italiano

  • SNDA — Student National Dental Association …   Medical dictionary

  • SNDA — • Student National Dental Association …   Dictionary of medical acronyms & abbreviations

  • ACME Snda Serviced Apartment — (Шанхай,Китай) Категория отеля: 5 звездочный отель Адрес: Lane 200, Don …   Каталог отелей

  • Shanda — Infobox Company company name = Shanda Interactive Entertainment Ltd. company company type = Public (nasdaq|SNDA) foundation = 1999 location = flagicon|ChinaShanghai, China key people = industry = Computer and video game industry products =… …   Wikipedia

  • subordination, non-disturbance and attornment agreement — (SNDA) USA In a leasing context, an agreement that is usually among a landlord s lender, a tenant and a landlord. Sometimes there are third parties with an interest in the real property who are also signatories to the SNDA, such as a ground… …   Law dictionary

  • Frovatriptan — Systematic (IUPAC) name (+) (R) 3 methylamino 6 carboxamido 1,2,3,4 tetrahydrocarbazole Clinical data AHFS/Drugs.com …   Wikipedia

  • Dead or Alive Online — DOAU was called Dead or Alive Online while in development; see Dead or Alive Ultimate. Dead or Alive Online Developer(s) Lievo Studio Platform(s) Microsoft Windows Release date(s) …   Wikipedia

  • Millennium Pharmaceuticals — Millennium Pharmaceuticals, Inc., The Takeda Oncology Company Type Public (Japan) (Tokyo Stock Exchange) Industry Biotechnology, Pharmaceutical Company Founded …   Wikipedia

  • Controverses sur le gavage des oies et des canards — Le gavage des oies et des canards est une technique d élevage visant à engraisser ces volatiles en vue de produire du magret, du confit et du foie gras. Cette technique est controversée par des partisans de défense animale ; elle est… …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”