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Subordination, Non Disturbance, and Attornment Agreement Form

Subordination, Non Disturbance, and Attornment Agreement Form

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foreign today I want to talk about leasing and lending and specifically a document or a provision in your lease that's called a subordination agreement there's also subordination and non-disturbance agreements and a torment often called an snda excuse me snda so the issue here is you're a tenant most likely in a commercial building you sign your lease and then in the future there's a new loan that's put on the property or there's a refinance of an existing loan in title work in priority of your interest the tenant would then have priority of interest in the real estate as compared to the Future lender because the tenants rights arose before those of the new lender or the re or the refinance right so everything in priority of law is based on timing so I sign a lease today there's a new financing tomorrow the lease is then in priority in its security position ahead of that loan well as you can imagine lenders and bankers and mortgag

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