SNDA = An SNDA is an agreement which concerns: (i) the rights of a tenant and Borrower/Landlord, (ii) the control in connection with amending the tenant’s lease, and (iii) the relationship between the tenant, Borrower/Landlord, and Lender in the event of a default by the tenant under the lease or by Borrower/Landlord under the security instrument in connection with Lender’s loan.
Tenant Estoppel (Simple) = A “Tenant Estoppel (Simple)” confirms certain basic facts (i) about the tenant’s lease at the Mortgaged Property and (i) about the parties to said lease.
SNDA + Tenant Estoppel = A combination of #1 and #2.
Super Estoppel = A “Super Estoppel” is used when the Lender does not want to use an “SNDA + Tenant Estoppel.” It is not in addition to an SNDA + Tenant Estoppel, rather it is an either/or situation, i.e., a “Super Estoppel” or an “SNDA + Tenant Estoppel.” The “Super Estoppel” is a “Tenant Estoppel (Simple)” with a few extra lender protections which would be found in an SNDA, e.g., tenant attornment (in the event of Lender’s foreclosure, the tenant attorns to Lender or the purchaser of the Mortgaged Property (meaning, the tenant agrees to be the tenant of the new owner/landlord of the Mortgaged Property)).
You can add an SNDA via the Lease Subordination tab as seen below. It is the exact same functionality when you order "CommercialDocs" to include an SNDA to a closing package as it is to just order a separate SNDA under the "SNDA and Estoppels" product.
