Subordination, Non-Disturbance, and Attornment Agreements: Drafting to Protect Lenders, Tenants, and Landlords
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE course will discuss the purpose and objectives of subordination, non-disturbance, and attornment agreements (SNDAs) for all key stakeholders--lenders, tenants, and landlords. The panel will outline best practices for drafting and negotiating SNDAs and other related provisions, such as estoppel certificates.
Outline
- Overview of SNDAs and their objectives
- Subordination provisions
- Non-disturbance provisions
- Attornment provisions
- Additional provisions that are often included in SNDAs (estoppel, notice, use of property, casualty insurance proceeds)
Benefits
The panel will review these and other key issues:
- The lender's objectives in negotiating the SNDA agreement and how the lender can protect the future rental stream of the property
- The tenant's objectives beyond non-disturbance of possession of the premises and rights they should seek to negotiate
- The landlord's objectives in drafting and negotiating the SNDA agreement
Faculty

James C. O'Brien
Partner
Seyfarth Shaw
Mr. O'Brien has more than 20 years of experience as a transactional attorney. He has significant experience in... | Read More
Mr. O'Brien has more than 20 years of experience as a transactional attorney. He has significant experience in California real estate transactions.
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Katie K. Yuen
Partner
Seyfarth Shaw
Ms. Yuen works with owners and tenants of commercial and industrial real estate, including various facilities serving... | Read More
Ms. Yuen works with owners and tenants of commercial and industrial real estate, including various facilities serving e-commerce, to advise them in a variety of transactions, including acquisitions, development, and leasing. She works closely with clients to identify potential site challenges and develop strategies to deal with on-site logistics for properties across North America and Australia.
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