A subordination, non-disturbance and attornment (SNDA) agreement serves three functions:

1. Subordination: The agreement will place the lender-mortgagee’s lien on the property in first position even if a lease predates the recording of the mortgage lien.

2. Non-disturbance: The agreement allows the lease to remain in effect so long as the tenant is not in default even if the lender forecloses on the property. This provision is particularly important for a tenant if the lease is for an extended period of time or if there are substantial build-out expenses or the tenant otherwise invests heavily in the location.
Internet pharmacies offer a variety of drugs to treat certain health conditions, such as blood pressure, diabetes and cholesterol buying viagra without prescription : How it Works Many physicians recommend viagra in UK as it offers added advantages over other ED drugs. viagra 25 mg causes fast and effective reaction by helping the blood vessels to relax. Withanamides canadian viagra professional in Withania somnifera fruit protect PC-12 cells from beta-amyloid responsible for Alzheimer’s disease. You must ask for your doctor’s advice regarding using OTC medication to treat sexual dysfunction. generic viagra in canada This pill too makes use of the chemical, generic india levitra Sildenafil citrate that is used to treat the male erectile dysfunction takes place when all the necessary body functions are being performed.
3. Attornment: The agreement creates a contractual bond between the tenant and third-party mortgagee, such that the tenant agrees to recognize the mortgagee as the landlord in the event of a foreclosure.

Source: Robert Machson, writing for Retail Traffic.

Last Updated on December 23, 2012 by Ramin Seddiq