This form is used when Lienholder subordinates all liens created by the (Mortgage/Deed of Trust) to the Lease and releases the leasehold estate created by the Lease from all liens created by the (Mortgage/Deed of Trust) and all extensions and renewals of the liens. Lienholder does not waive or release any of its rights under the (Mortgage/Deed of Trust) on or against any royalty interest reserved by the Lessor.
Arizona Subordination Agreement With Release of Lien As to Leasehold Estate is a legal document that outlines the terms and conditions of subordinating a lien on a leasehold estate in Arizona. This agreement is commonly used in real estate transactions where a leasehold estate is subject to a lien. In Arizona, there are two main types of Subordination Agreements with Release of Lien as to Leasehold Estate: 1. General Arizona Subordination Agreement With Release of Lien As to Leasehold Estate: This type of agreement is used when a lien holder agrees to subordinate their lien on a leasehold estate to another lien. This is often done to facilitate a new financing arrangement or to provide priority to a new lender. 2. Specific Arizona Subordination Agreement With Release of Lien As to Leasehold Estate: This type of agreement is used when a specific lien holder agrees to subordinate their lien on a leasehold estate to another lien. This is typically done to address a particular transaction or situation where the parties involved require a release of the lien. The Arizona Subordination Agreement With Release of Lien As to Leasehold Estate includes several key elements: 1. Identification of the parties: The agreement will include the names and addresses of the lien holder, the leasehold estate owner, and any other relevant parties involved in the transaction. 2. Description of the leasehold estate: The agreement will provide a detailed description of the leasehold estate, including any applicable lease terms, duration, and other relevant details. 3. Lien details: The agreement will outline the specific lien that is being subordinated, including the amount of the lien, the lien holder's rights and obligations, and any other pertinent information related to the lien. 4. Subordination terms: The agreement will set forth the terms and conditions under which the lien holder agrees to subordinate their lien on the leasehold estate. This may include details on the priority of the lien, the duration of the subordination, and any other relevant provisions. 5. Release of lien: The agreement will include a release of lien provision, stating that the lien holder agrees to release their lien on the leasehold estate upon satisfaction of certain conditions or at the end of the subordination period. It is crucial to consult with a qualified attorney or legal professional when drafting or entering into an Arizona Subordination Agreement With Release of Lien As to Leasehold Estate to ensure that all relevant laws and regulations are followed accurately.Arizona Subordination Agreement With Release of Lien As to Leasehold Estate is a legal document that outlines the terms and conditions of subordinating a lien on a leasehold estate in Arizona. This agreement is commonly used in real estate transactions where a leasehold estate is subject to a lien. In Arizona, there are two main types of Subordination Agreements with Release of Lien as to Leasehold Estate: 1. General Arizona Subordination Agreement With Release of Lien As to Leasehold Estate: This type of agreement is used when a lien holder agrees to subordinate their lien on a leasehold estate to another lien. This is often done to facilitate a new financing arrangement or to provide priority to a new lender. 2. Specific Arizona Subordination Agreement With Release of Lien As to Leasehold Estate: This type of agreement is used when a specific lien holder agrees to subordinate their lien on a leasehold estate to another lien. This is typically done to address a particular transaction or situation where the parties involved require a release of the lien. The Arizona Subordination Agreement With Release of Lien As to Leasehold Estate includes several key elements: 1. Identification of the parties: The agreement will include the names and addresses of the lien holder, the leasehold estate owner, and any other relevant parties involved in the transaction. 2. Description of the leasehold estate: The agreement will provide a detailed description of the leasehold estate, including any applicable lease terms, duration, and other relevant details. 3. Lien details: The agreement will outline the specific lien that is being subordinated, including the amount of the lien, the lien holder's rights and obligations, and any other pertinent information related to the lien. 4. Subordination terms: The agreement will set forth the terms and conditions under which the lien holder agrees to subordinate their lien on the leasehold estate. This may include details on the priority of the lien, the duration of the subordination, and any other relevant provisions. 5. Release of lien: The agreement will include a release of lien provision, stating that the lien holder agrees to release their lien on the leasehold estate upon satisfaction of certain conditions or at the end of the subordination period. It is crucial to consult with a qualified attorney or legal professional when drafting or entering into an Arizona Subordination Agreement With Release of Lien As to Leasehold Estate to ensure that all relevant laws and regulations are followed accurately.
