New York Subordination Clause

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State:
Multi-State
Control #:
US-CL-650-1
Format:
Word; 
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Description

Examples of clauses regarding and surrounding the topic of Subordination of the lease to all underlying mortgages covering the land, property, etc... A subordination clause is a clause in an agreement which states that the current lease shall be subject and subordinate to all leases and mortgages formed or made in the future.
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New York Subordination Clause