Our February 24, 2021 webinar is posted and ready for viewing. This webinar features legal expert and multi-year NRTA National Conference Speaker Daniel B. Myers, Esq. Myers, a partner in the real estate and land use groups at Wendel Rosen LLP in Oakland, California, is a frequent education presenter and contributor to numerous professional articles. In this presentation he discusses the daunting topics of Estoppels & SNDAs. This webinar is a must-see if you are a paralegal, lease administrator, attorney or other professional who needs to learn how best to respond to, and negotiate, Estoppels and SNDAs (Subordination, Non-Disturbance and Attornment Agreement) with landlords and lenders. Members can access the webinar link here.
Have you already received an estoppel request but don’t know why? Maybe you are wondering how to respond, or if you even have to. This presentation covers these basic questions and so much more.
Myers begins by defining these complex and often confusing terms. He then outlines the most important steps to take if YOU are in a position to respond to these requests. (As an additional resource, be sure to check out the NRTA Glossary of Real Estate Terms, an extensive compilation of common terms used in the retail industry.)
The webinar is neatly outlined in four basic parts:
- Purpose and importance of Estoppels and SNDAs
- Relevant lease provisions relating to Estoppels and SNDAs
- Key issues in negotiating Estoppels and SNDAs
- Practical advice in responding to these requests
Why did I get this estoppel request?
Estoppel certificates are intended to report factual matters regarding the status of a lease. According to Myers, tenants typically receive estoppel requests from landlords when there is a financing issue or a potential purchase of the property. These requests are often accompanied by an SNDA request, as well. “The first thing to do,” he advises, “is pull out your lease and see how long you have to respond.” Ten days? 15 days? 15 business days? “Whatever it says,” he says, “make sure you respond within that time frame.”
An expert on legal issues—with a particular emphasis on property transactions related to retail and office leasing—Myers’ presentation also includes critical legal advice. “The most important thing to remember about estoppel certificates,” he says, “is that once you sign them they are binding to you.”
Watch the full webinar now, or access it whenever your schedule permits. The tips and advice shared in this one-hour program will quickly become standard best practices for you and your team. Not a member yet? Sign up for a 90-day free trial membership today!
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