Safeguard Your Leases with the SNDA Clause – Here’s How
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The Subordination and Non-Disturbance Agreement (SNDA) is a vital clause for tenants, especially in uncertain economic times. In this iOpt Minute, Don Catalano, SIOR, CCIM, MCR, explains why landlords are reluctant to offer SNDA clauses and how they safeguard tenants in case of foreclosure or receivership. Without an SNDA, your lease could be at risk, leaving your business vulnerable. Learn how this three-way agreement between you, the landlord, and the bank ensures your lease remains secure, even when ownership changes hands.
What You’ll Learn in This Video:
- Why Landlords Dislike the SNDA Clause
- How the SNDA Clause Protects Tenants During Foreclosure
- The Role of the Bank in Lease Security
- Risks of Not Having an SNDA Clause in Troubled Times
- How to Ensure Lease Protection with Proper Legal Support
Want to learn more? Check out our article on The SNDA: A Critical Safeguard in Commercial Real Estate Leasing.
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