Gain an understanding of the objectives of an SNDA and the practical tips for drafting and negotiating them.
This highly informative topic is designed to enhance your knowledge and understanding of Subordination, Non-Disturbance, and Attornment Agreements (SNDAs) as well as Estoppel Certificates which are often ancillary thereto in today's commercial lease environment. The program will discuss the importance of thoroughly reviewing these critical documents and the various provisions within each.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
General Overview
- Letter of Intent/Term Sheet
- Parties' Leverage
- General Economic Conditions
- Specific Location of Premises
- Desirability of Particular Property
- Tenant's Net Worth/Creditworthiness/Financial Condition
- Economics of Lease (e.g., Rent, Tenant's Proportionate Share)
- Historical Perspectives
Basic Concepts
- What Is an SNDA?
- Definitions
- Significance
Subordination Lease Provision
- Automatic (Existing and Future)
- Commercially Reasonable Efforts V. Best Efforts V. Conditioned Upon Obtaining
Lender Perspective/Protections
- Non-Responsibility
- Payment Demand
- Notice of Landlord Default/Cure Rights
- Exculpation/Limitation of Liability
Tenant Perspective/Protections
- Subordinate to the Mortgage V. Subordinate to the Lien of the Mortgage
- Responsibility
- Lender Consents/Approves Lease
- If Tenant Made Party to Action, Indemnification by Lender
- If Requested to Pay Lender, Tenant Not Liable/Landlord Acknowledgment
Landlord Perspective/Protections
- Not Increasing Tenant's Rights or Landlord's Obligations Under the Lease
- Not Decreasing Landlord's Rights or Tenant's Obligations Under the Lease
Estoppel Certificate
- What Is It?
- Significance
- Tenant Perspective/Protections
Miscellaneous Issues
- Recordation
- Legal Description Attached
Conclusion and Questions
- Importance
- Not Ministerial/Perfunctory - Should Be Reviewed by an Attorney
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 15, 2024.
Call 1-866-352-9540 for further credit information.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- HI CLE 1.0
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
- MO CLE 1.4
- This course qualifies for self-study CLE credit in Missouri.
- NH MCLE 1.1
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 66 Minutes.
- NJ CLE 1.3
- This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.3 hours of total CLE credit.
- PA CLE 1.0
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WI CLE 1.0
- This program qualifies for 1.0 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
- WV MCLE 1.4
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.4 MCLE hours.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
- Arizona CLE 1.0
- CA MCLE 1.0
- CT CLE 1.0
- HI CLE 1.0
- NJ CLE 1.3
- NM CLE 1.0
- VT CLE 1.0
- WV MCLE 1.3
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jan Alan Lewis, Esq.
Cole Schotz P.C.
- Member of Cole Schotz P.C.’s Real Estate Department
- Over 40 years of experience, concentrating in commercial office and industrial leasing, representing both landlords and tenants, on a local, regional, and national basis
- Handled various complex real estate transactions on behalf of prominent owners, developers, and companies throughout the United States, and has frequently been retained as local counsel to represent tenants with respect to their leases
- Responsibilities include the preparation, review, and negotiation of leases and related documents for commercial (e.g., office, industrial, flex/warehouse, and retail) properties, including brokerage agreements, property management agreements, exclusive leasing agreements, estoppel certificates and subordination, non-disturbance and attornment agreements
- Member of the National Association of Industrial and Office Properties, as well as the New Jersey State Bar Association, New York County Lawyers’ Association, and the American Bar Association
- Frequent lecturer and author of numerous articles on the subject of commercial leasing
- Achieved the highest rating in the Martindale-Hubbell Law Directory
- J.D. degree, Temple University Beasley School of Law; B.A. degree, summa cum laude, Lehigh University
- Can be contacted at (201) 525-6228 or [email protected]
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.