what is an snda
The Basics of Subordination, Nodisturbance and Attornment Agreements (SNDAs) Subordination, non-disturbance and attornment agreements (âSNDAsâ) are used to adjust the priorities between commercial tenants and lenders of the property they are leasing. In the absence of an SNDA, the priorities between tenants and lenders are governed by state recording acts and related common law principles. For the purpose of establishing the priority of competing liens against real estate, leases are viewed as liens.