Subordination, nondisturbance and attornment agreements - known as SDNAs - protect tenants, landlords and lenders in the event of foreclosure

Article Abstract:

Parties to commercial real estate transactions need to negotiate subordination, nondisturbance and attornment agreements (SDNAs) carefully as these make the relationship between landlord, tenant and lender as stable as possible and spell out what will happen in the event of foreclosure. SDNAs can make sure that tenants with valuable leases, especially those who are making many leasehold improvements, will not lose their lease in the event of foreclosure. Lenders can assure continued cash flow after foreclosure and guard against inadvertent lease termination resulting from post-default remedies.

Real estate agents and managers, Other Activities Related to Real Estate, Real Estate Franchising & Marketing, Laws, regulations and rules, Real estate industry, Landlord and tenant, Landlord-tenant relations, Foreclosure, Priorities of claims and liens

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At long last hip: lawyers go tech savvy; counsel are under increasing pressure to meet the technological demands of clients who are wedded to the Web, and more

Article Abstract:

The importance of knowledgeability about basic software applications, the ability to work remotely with a laptopcomputer and to use a personal digital assistant such as the Palm Pilot are discussed. Clients from the world of electronic commerce look for attorneys with these attributes and who understand their culture.

Usage, Internet

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Plugging in: new tenants and old leases; tried-and-true standard forms must give way to new concerns as landlords and lessees meet high-tech company needs

Article Abstract:

Necessary elements for the leases of commercial tenants with heavy computer use are discussed. Areas requiring special attention can include the premises and the lease term, tenant alterations, security deposits, when the lessee is a first-stage technology company, and lease assignments.

Computer industry, Location

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