Subordination, Non-Disturbance, and Attornment Contract (SNDA) (Lender-friendly) (California)

This legal template likely pertains to a Subordination, Non-Disturbance, and Attornment Contract (SNDA) that is specifically crafted for lenders and applicable in the state of California.

The SNDA is a contractual agreement typically entered into between a lender (mortgagee) and a tenant (mortgagor) leasing a property that is subject to a mortgage.

The primary purpose of the SNDA is to establish the respective rights and obligations of the lender, tenant, and landlord in the event of default or foreclosure on the mortgage secured by the leased property.

The term "lender-friendly" indicates that the template is designed to protect the interests of the lender by favoring their position in the agreement. This may include clauses and provisions that provide additional safeguards for the lender or prioritize their rights in certain circumstances.

As the template is specifically tailored for compliance with California state laws, it will likely address specific legal requirements and regulations applicable to SNDAs within the state. This could include provisions related to California's real estate or landlord-tenant laws. Overall, the template aims to provide a comprehensive and legally sound agreement outlining the rights, duties, and remedies of the parties involved.