SNDAs: Can't Live With 'Em, Can Live Without 'Em?
Thomas B. Mitchell, Jennifer W. Haddad, and A. Rachel Rothman
26 PROBATE& PROPERTY NOVEMBER/DECEMBER 2001 PROBATE& PROPERTY NOVEMBER/DECEMBER 2001 27 Subordination, Nondisturbance and Attornment Agreements (SNDAs), an integral part of commercial mortgage loan transactioons are also a source of tension among lenders, their borrowers, and tenants. SNDA negotiations can—and often do—become lengthy and expensiive Given that lenders today operate in a highly competitive environment, now may be a good time to consider whether what they are getting is worth the...