05/16/2024

Steering Through Uncertainty

Here is the commercial tenant's guide to property foreclosure

The landscape of commercial real estate is fraught with potential economic tremors, one of which is the foreclosure of a property due to the owner's loan default.

The stability of your association’s office space can be vulnerable in these circumstances, leading to operational disruptions and financial complications. To mitigate these risks, understanding your lease's intricacies and the implication of foreclosure is paramount.

This article will look at the essential role of “Subordination, Non-Disturbance, and Attornment” (SNDA) agreements, while also addressing common concerns related to the foreclosure process.

Please select this link to read the complete article from ASAE’s Center for Association Leadership.