The Importance of SNDAs and Estoppel Certificates
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The Importance of SNDAs and Estoppel Certificates
by Brad Herring, Poyner Spruill LLP Whenever a lender is making a commercial real estate loan secured by property which has been leased to one or more tenants, a lender will typically require a Subordination, Non-Disturbance and Attornment Agreement (SNDA). An SNDA is a triparty agreement between the lender, borrower (landlord) and tenant. A tenant
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