North Carolina Surface Tenant's Consent and Subordination (to Storage Lease) is a legal agreement that governs the relationship between the owner/lessor of a property, the surface tenant, and the storage leaseholder. This agreement outlines the terms and conditions under which the surface tenant agrees to subordinate its rights to the storage leaseholder. Keywords: North Carolina, surface tenant, consent and subordination, storage lease, legal agreement, property, rights, terms and conditions. There are different types of North Carolina Surface Tenant's Consent and Subordination (to Storage Lease), such as: 1. Voluntary Consent and Subordination: In this type of agreement, the surface tenant willingly agrees to subordinate its rights to the storage leaseholder. The tenant acknowledges that the storage lease has priority over their surface lease rights and agrees not to interfere with or obstruct the storage leaseholder's use and access rights. 2. Non-Disturbance Clause: This type of consent and subordination agreement includes a non-disturbance clause that offers protection to the surface tenant. The clause ensures that if the storage lease is terminated or the property is foreclosed upon, the surface tenant will not be immediately evicted or disturbed by the new property owner or leaseholder. 3. Estoppel Certificate: This form of consent and subordination provides a written statement from the surface tenant certifying the status of their lease, any outstanding obligations, and confirming that they have no claims against the storage leaseholder. The purpose of this certificate is to prevent future disputes or conflicts regarding the rights and obligations of the parties involved. 4. Limited Consent and Subordination: This type of agreement only subordinates specific rights or areas of the surface tenant to the storage leaseholder. It may restrict the storage leaseholder's rights on certain parts of the property or specify conditions under which the storage leaseholder may use the surface tenant's property. 5. Modification Agreement: Sometimes, amendments or modifications might be necessary to update or clarify certain provisions of the original consent and subordination agreement. This type of agreement outlines the changes made to the existing agreement and ensures that both parties are aware of and agree to the modifications. In summary, North Carolina Surface Tenant's Consent and Subordination (to Storage Lease) is a legal document that establishes the rights and obligations of the surface tenant and the storage leaseholder. It is crucial for both parties to understand and agree to the terms outlined in the agreement to ensure a harmonious coexistence and protect their respective interests.
North Carolina Surface Tenant's Consent and Subordination (to Storage Lease)
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