The Subordination, Attornment And Non-Disturbance Agreement (SNDA) is essential in commercial real estate financing where a property is both mortgaged and leased. It's commonly used in the United States when a lender requires assurance that their mortgage will take priority over existing leases, while tenants seek protection of their leasehold interests in case of foreclosure. The agreement balances the interests of all parties by subordinating the lease to the mortgage, ensuring tenant cooperation with a new owner, and protecting the tenant's right to occupy the premises. It's particularly important in situations involving valuable commercial leases or when significant tenant improvements are involved.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let ¶¶Òõ¶ÌÊÓƵ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies all parties: Lender, Landlord, and Tenant
2. Background/Recitals: States existing relationships between parties, including details of the lease and loan
3. Definitions: Defines key terms used throughout the agreement, including Lease, Mortgage, Property
4. Subordination: Establishes that the lease is subordinate to the mortgage and any future modifications
5. Attornment: Tenant's agreement to recognize lender as landlord upon foreclosure
6. Non-Disturbance: Lender's agreement not to disturb tenant's possession if tenant is not in default
7. Notice Requirements: Procedures for giving notice between parties
8. Governing Law: Specifies jurisdiction and applicable law
1. Estoppel Provisions: Tenant's confirmation of lease terms and status - used when lender requires current confirmation of lease status
2. Modification Restrictions: Limitations on lease modifications without lender consent - used when lender wants control over lease changes
3. Assignment Provisions: Rules regarding assignment of lease or mortgage - used when parties anticipate potential transfers
4. Insurance Requirements: Specific insurance obligations - used when standard lease provisions need modification
1. Exhibit A - Legal Description: Detailed legal description of the property
2. Exhibit B - Lease Agreement: Copy or summary of the lease being subordinated
3. Exhibit C - Mortgage/Security Instrument: Copy or summary of the mortgage or deed of trust
4. Schedule 1 - Prior Amendments: List of any prior amendments to the lease
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Tenant Subordination Agreement
A U.S. legal document where a tenant agrees to subordinate their lease rights to a mortgage lender's interest while securing continued occupancy rights.
find out more
Subordination Agreement Oil And Gas Lease
A U.S. legal document establishing priority rights between creditors in oil and gas lease interests.
find out more
Land Subordination Agreement
A U.S. legal document where one lienholder agrees to subordinate their security interest in real property to another lienholder, subject to state property laws.
find out more
Subordination Attornment And Non Disturbance Agreement
A U.S. commercial real estate agreement establishing rights and obligations between tenant, landlord, and lender in case of property foreclosure.
find out more
Easement Subordination Agreement
A U.S. legal document that modifies the priority of easement rights relative to other property interests.
find out more
Subordination Agreement Mortgage
A U.S. legal document that modifies the priority order of multiple mortgages or liens on a property, allowing junior lienholders to subordinate their positions to other lenders.
find out more
Postponement And Subordination Agreement
A U.S. legal agreement that establishes debt priority and payment hierarchies between creditors, subordinating one creditor's claims to another's.
find out more
Deed Of Trust Subordination Agreement
A U.S. legal document that establishes the priority order between multiple deeds of trust on a property.
find out more
Landlord Subordination Agreement
A U.S. legal agreement that subordinates a landlord's rights to a lender's security interest in a tenant's property located within leased premises.
find out more
Deed Of Attornment
A U.S. legal document establishing a direct relationship between a tenant and new landlord when property ownership changes.
find out more
Real Estate Subordination Agreement
A U.S. legal document that establishes lien priority between multiple lenders on a real estate property, allowing one lender to take a subordinate position to another.
find out more
Letter Of Subordination Of Debts
A U.S. legal document establishing priority between creditors where one creditor agrees to subordinate their debt claim to another.
find out more
Loan Subordination Agreement
A U.S. legal agreement that establishes payment priority between multiple creditors lending to the same borrower.
find out more
Intercreditor And Subordination Agreement
A U.S. legal agreement that establishes priorities and relationships between different classes of creditors lending to the same debtor.
find out more
Deed Of Subordination
A U.S. legal document establishing priority between creditors, where one creditor agrees to subordinate their debt to another.
find out more
Intercompany Subordination Agreement
A U.S. law agreement establishing payment priorities between related companies' debts within a corporate group.
find out more
Non Disturbance Agreement
A U.S. legal agreement protecting tenant's lease rights during property foreclosure or ownership changes.
find out more
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)