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.
A Guam Subordination Agreement With Release of Lien As to Leasehold Estate is a legally binding document that outlines the terms and conditions relating to the subordination of a lien on a leasehold estate in Guam. It serves to establish the priority of liens on the property and release any existing liens. Keywords: Guam Subordination Agreement, Release of Lien, Leasehold Estate, priority of liens, legally binding document Types of Guam Subordination Agreement With Release of Lien As to Leasehold Estate: 1. Residential Leasehold Estate Subordination Agreement: This type of agreement is specifically designed for residential properties in Guam. It ensures that any existing liens on a leasehold estate are properly subordinated according to the terms and conditions outlined in the document. 2. Commercial Leasehold Estate Subordination Agreement: Unlike the residential leasehold estate agreement, this type of subordination agreement pertains to commercial properties in Guam. It addresses the specific requirements and considerations related to commercial real estate. 3. Government Leasehold Estate Subordination Agreement: This agreement is applicable when a leasehold estate belongs to a government entity in Guam. It takes into account any unique regulations or provisions that may apply to government-owned properties. 4. Construction/Sublease Subordination Agreement: This specific type of subordination agreement is employed when there is a construction project or a sublease involved within the leasehold estate. It allows for the proper prioritization of liens and ensures smooth operations during construction or subleasing activities. 5. Lender's Subordination Agreement: This variation deals with the subordination of liens that are associated with a lender. It involves an agreement between the primary lender and any secondary lenders, where the primary lender provides their consent for the secondary lenders to have a superior lien position. In conclusion, a Guam Subordination Agreement With Release of Lien As to Leasehold Estate is a crucial legal document that establishes the priority of liens on a leasehold estate in Guam, while also releasing any existing liens. It can be tailored to various types of properties, including residential, commercial, government-owned, construction projects, and lender-specific agreements.
