A.8.6.4 Approval

A. Satellite Offices and Regional Center Directors are authorized to approve all SNDAs for rooftop, cell phone tower, cable television and internet access leases.

B. For any property applying for a new mortgage insurance commitment, the Satellite Offices and Regional Center Directors will review and approve of the commercial lease terms and the form of SNDA when processing the application for Firm Commitment.

C. For existing properties with insured mortgages, the Satellite Offices and Regional Center Directors may approve the proposed SNDA between the property owner and the commercial tenant.

D. The following is the typical supporting documentation, although depending on the circumstances, additional documentation may also be required:

1. Proposed commercial lease and SNDA agreement.

2. Forms HUD-92458 and HUD-92264.

3. Commercial market rent study.

4. Details of any proposed build out or finish of the commercial space or rooftop tower.

5. Disclose the existence of any related documents such as: Memorandum of Lease, Guaranty of Lease, Tenant Estoppels’ Certificate, Lease Guaranties or Amendments, etc.

MAP Guide, March 2021 Go to beginning of Appendix 8

Bookmarked Version Go to Acronym and Abbreviation List, Glossary, Index

Appendix 8 Page A8-21

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Appendix 8 Mortgage Credit Requirements A.8.6 Subordination, Non-Disturbance and Attornment Agreements

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SNDA

U.S. Department of Housing OMB Approval #2502-0029 and Urban Development Exp. (xx/xx/xxxx) Office of Housing Federal Housing Commissioner

RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO:

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