What is an SNDA And Do I Need One?

What is an SNDA And Do I Need One?

February 28, 2012
Cherry & Associates
A Sudordination and Non-Disturbance Agreement -SNDA- commonly called a “non-disturb”, is an agreement that your landlord asks its lender to provide. The agreement basically says that if the building goes bankrupt and the lender takes control of the building from the landlord, the lender will honor your lease.
A Sudordination and Non-Disturbance Agreement -SNDA- commonly called a “non-disturb”, is an agreement that your landlord asks its lender to provide. The agreement basically says that if the building goes bankrupt and the lender takes control of the building from the landlord, the lender will honor your lease.
About the Author
Cherry & Associates
Cherry & Associates specializes exclusively in representing tenants and buyers of commercial space and properties.Our no-conflict approach allows us to deliver objective, unbiased, advice, as well as provide no-cost, high-value, services that give you the best possible value for your real estate investment.If your company needs to expand, contract, merge, relocate, or renew an office lease(s), locally or globally, Call us today, at (615) 366-1098All information provided herein is from sources deemed reliable but no warranty, expressed or implied, is made.