Subordination, Non-Disturbance, and Attornment Agreement (SNDA) (Pro-Lender) (TX) | Practical Law

Subordination, Non-Disturbance, and Attornment Agreement (SNDA) (Pro-Lender) (TX) | Practical Law

A lender-favorable subordination, non-disturbance, and attornment agreement (SNDA) for use in Texas. An SNDA establishes lien priority between a landlord's lender and a tenant of commercial real property while preserving the tenant's rights in the leased premises if the landlord forecloses on the deed of trust or the mortgage. This Standard Document has integrated notes with important explanatory drafting and negotiating tips.

Subordination, Non-Disturbance, and Attornment Agreement (SNDA) (Pro-Lender) (TX)

Practical Law Standard Document w-012-5921 (Approx. 44 pages)

Subordination, Non-Disturbance, and Attornment Agreement (SNDA) (Pro-Lender) (TX)

by Practical Law Real Estate
MaintainedTexas
A lender-favorable subordination, non-disturbance, and attornment agreement (SNDA) for use in Texas. An SNDA establishes lien priority between a landlord's lender and a tenant of commercial real property while preserving the tenant's rights in the leased premises if the landlord forecloses on the deed of trust or the mortgage. This Standard Document has integrated notes with important explanatory drafting and negotiating tips.