Lease Subordination Agreement Form

Texas Lease Subordination Agreement
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State:
Texas
Control #:
TX-844LT
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Available formats: Word | Rich Text

Description Lease Subordination Agreement

This Lease Subordination Agreement is a lienholder's lien that was created by a (Mortgage/Deed of Trust) and is subordinated to a mineral/oil/gas lease and lienholder releases, said Leasehold from all liens created by said (Mortgage/Deed of Trust), and all extensions and renewals of such liens. Lienholder retains all rights under the (Mortgage/Deed of Trust) against any royalty interest reserved by the lessor in and payable under the terms of the lease, or any of lessor's reversionary interests on the termination or expiration of the lease.

Subordination means an agreement to put a debt or claim which has priority in a lower position behind another debt, particularly a new loan. A property owner with a loan secured by the property who applies for a second mortgage to make additions or repairs usually must get a subordination of the original loan so the new loan has first priority. A declaration of homestead must always be subordinated to a loan.

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Tenant Subordination Agreement Other Form Names

Lien Subordination Agreement Form   Loan Subordination Agreement Template   Subordination Agreement Form   Subordination Agreement Template   Subordination Agreement Texas   Texas Landlord Lien Subordination Agreement   Texas Subordination Agreement  

How To Fill Out A Subordination Agreement FAQ

What is a subordination and Attornment agreement?

What does a subordination agreement do?

What is a subordination checklist?

What is a lease subordination agreement?

How long does it take to get a subordination agreement?

What is a subordination fee?

When would a subordination agreement be appropriate?

Are subordination agreements required in Texas?

What does a subordination agreement do?

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