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

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

A Standard Document subordination, non-disturbance, and attornment agreement (SNDA) for use in New Jersey. An SNDA establishes the rights and priorities between a lender's mortgage lien and a tenant's leasehold interest in mortgaged commercial property. This Standard Document discusses SNDAs from a lender's perspective, including matters such as lien subordination, attornment, landlord defaults, lease amendments, mortgagee protection provisions, and the effect of New Jersey law on the enforceability and construction of SNDAs. This Standard Document has integrated notes with explanatory, drafting, and negotiating tips.

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

Practical Law Standard Document w-018-3029 (Approx. 36 pages)

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

by Practical Law Real Estate
MaintainedNew Jersey
A Standard Document subordination, non-disturbance, and attornment agreement (SNDA) for use in New Jersey. An SNDA establishes the rights and priorities between a lender's mortgage lien and a tenant's leasehold interest in mortgaged commercial property. This Standard Document discusses SNDAs from a lender's perspective, including matters such as lien subordination, attornment, landlord defaults, lease amendments, mortgagee protection provisions, and the effect of New Jersey law on the enforceability and construction of SNDAs. This Standard Document has integrated notes with explanatory, drafting, and negotiating tips.