Common Contracts
1 similar Subordination, Non-Disturbance and Attornment Agreement contracts
Mortgage Lending and Servicing InstituteSubordination, Non-Disturbance and Attornment Agreement • January 19th, 2024
Though a fixture in transactions involving commercial real estate, Subordination, Non- Disturbance and Attornment ("SNDA") agreements are often overlooked or misunderstood by the parties responsible for their drafting and negotiation. The purpose of this Annotated SNDA (this "Article") is to provide an introduction to SNDAs in Texas, describe some of the most commonly negotiated provisions, and offer an overview of the key issues that lenders, landlords and tenants should consider in negotiations. Ideally, this Article will serve as a tool to practitioners and their clients in preparing both leases and SNDAs. The footnotes provided in this Article draw upon statutes, case law and practical observations with the goal of providing general guidance to promote more efficient leasing and financing transactions.
