Clause in some mortgages which allows subsequent mortgages on the same property to have higher claim than the current mortgage.
Related information about subordination clause:
- Subordination Clause Definition | Investopedia
A clause in an agreement which states that the current claim on any debts will take priority over any other claims formed in other agreements made in the future.
- Subordination clause - Legal Dictionary - The Free Dictionary
subordination agreement n. a written contract in which a lender who has secured a loan by a mortgage or deed of trust agrees with the property owner to ...
- Understanding the Lease Subordination Clause By Marc ... - Anchin
Understanding the Lease Subordination Clause. By Marc Wieder, CPA. Anchin, Block & Anchin LLP. If you own commercial rental property, your bank or other ...
- Subordination Clause: Definition from Answers.com
clause in a Mortgage loan agreement that permits a mortgage recorded at a subsequent date to have preference over the original mortgage.
- What is subordination clause? definition and meaning
Definition of subordination clause: Clause in some mortgages which allows subsequent mortgages on the same property to have higher claim than the current ...
- Lease Subordination Clause - El Paso Industrial Real Estate ...
When a landlord and a tenant agree to a commercial lease, it may contain clauses covering things that neither party to the lease ever expects to happen.
- Subordination Clause | Mortgage Reference Library
Subordination Clause. The clause inserted into a mortgage document that keeps the mortgage secondary to any other mortgages. Loans are valued according ...
- Leases: Negotiating Subordination Provisions
One such agreement is the lease subordination clause, by which the tenant agrees the lease will be subordinate to any present or future mortgage the landlord ...