Lease Subordination Forms - Agreements Subordination
Lease Subordination Agreement FAQ Lease Subordination Agreement
What is a "lease subordination agreement"? A subordination agreement is a written agreement between holders of liens on a property that changes the priority of mortgage, judgment and other liens under certain circumstances, or in other words, allows subsequent mortgages on the same property to have higher claim than the current mortgage.
Are witness and acknowledgment requirements addressed? If a state's statutes require a witness or witnesses to the execution (signing) of the lease subordination agreement, witness blanks are provided on the form. If the form must be signed in the presence of a Notary Public (a requirement in many states) the proper statutory acknowledgment form and/or appropriate blanks for the Notary's signature and stamp are provided.