This office lease form states that the lessor represents to the lessee that the existing fee mortgage is the only mortgage encumbering the land and the demised premises. The lessor agrees to cause the holder of the existing fee mortgage to agree to certain provisions.
Indiana Fee Mortgage Provisions from a Ground Lease
Category:
State:
Multi-State
Control #:
US-OL20071
Format:
Word;
PDF
Instant download
Description
Free preview
How to fill out Fee Mortgage Provisions From A Ground Lease?
US Legal Forms - one of the most significant libraries of lawful types in America - offers a wide array of lawful file templates you may acquire or produce. While using web site, you may get thousands of types for business and person functions, categorized by categories, claims, or keywords and phrases.You can find the latest variations of types much like the Indiana Fee Mortgage Provisions from a Ground Lease within minutes.
If you already possess a registration, log in and acquire Indiana Fee Mortgage Provisions from a Ground Lease from the US Legal Forms library. The Down load switch will show up on every single type you see. You have accessibility to all in the past acquired types within the My Forms tab of your own accounts.
If you want to use US Legal Forms for the first time, listed below are easy instructions to help you started out:
- Be sure to have selected the correct type to your city/state. Click the Preview switch to check the form`s articles. See the type outline to actually have selected the appropriate type.
- If the type does not suit your specifications, make use of the Lookup discipline towards the top of the display to discover the one who does.
- If you are pleased with the form, affirm your option by clicking on the Buy now switch. Then, pick the costs prepare you favor and supply your references to sign up for the accounts.
- Process the deal. Make use of your charge card or PayPal accounts to finish the deal.
- Find the format and acquire the form on the system.
- Make alterations. Complete, edit and produce and indication the acquired Indiana Fee Mortgage Provisions from a Ground Lease.
Every single template you put into your account does not have an expiry date and is also yours eternally. So, in order to acquire or produce another backup, just check out the My Forms area and click on on the type you require.
Get access to the Indiana Fee Mortgage Provisions from a Ground Lease with US Legal Forms, one of the most comprehensive library of lawful file templates. Use thousands of expert and status-specific templates that meet your organization or person needs and specifications.
Form popularity
FAQ
The ground lease defines who owns the land and who owns the building and improvements on the property. Many landlords use ground leases as a way to retain ownership of their property for planning reasons, to avoid any capital gains, and to generate income and revenue.
With a leased-land property, you risk losing all of your equity at lease expiration, depending on the terms of the surrender clause. The resale of the home is likely to be more difficult than the resale of a traditional home, especially because with each passing year, the remaining term on the lease shortens.
What does all this mean to your hypothetical tenant who agreed that the ground lease is subordinate to the fee mortgage? It means that in order to exercise the option to purchase and take title to the property free and clear of the fee mortgage, the tenant must pay off, in full, the fee mortgage.
The biggest advantage for property investors using a ground lease is that they don't have to buy the land to operate their business and make a profit.
Ground Lease Disadvantages And under the conditions of a subordinated ground lease, if the developer/tenant defaults on a construction loan, the lender is well within its rights to seize all property?including your land?and initiate foreclosure proceedings.
