Subordination, Non-Disturbance, and Attornment Agreement (SNDA) (Pro-Lender) (NY) | Practical Law
A form of subordination, non-disturbance, and attornment agreement (SNDA) for use in New York. 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 lender forecloses on the mortgage. This Standard Document is drafted in favor of the lender. This Standard Document has integrated notes with explanatory, drafting, and negotiating tips.