U.S. territories include the following: Guam, Puerto Rico, the U.S. Virgin Islands, American Samoa, Swains Island and the Commonwealth of the Northern Mariana Islands. If the traveler also visited non-U.S. territories, he/she is required to present a passport.
The Basics of Subordination, Nodisturbance and Attornment Agreements (SNDAs) Subordination, non-disturbance and attornment agreements (âSNDAsâ) 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.
Commercial tenants who are investing either a lot of time or money into a leasehold property that is subject to a deed of trust. Absent an SNDA, a tenant can in some circumstances be wiped out in the event that its landlord defaults on its mortgage. In the current economic climate, this is a greater concern than ever.