North Dakota Subordination by Lessee of Right to Use All or Part of Surface Estate

State:
Multi-State
Control #:
US-OG-140
Format:
Word; 
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Description

If the minerals have been severed from the surface of lands, with the mineral estate, in many states, being the dominate estate, the mineral owner has the right to make use of as much of the surface as is reasonably necessary to develop those minerals. If the minerals have been leased, and the surface owner desires the lessee not to enter on specific lands, the surface owner may obtain a subordination from the mineral lessee to that effect. This form addresses that situation.

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FAQ

Subordination agreements are used to legally establish the order in which debts are to be repaid in the event of a foreclosure or bankruptcy. In return for the agreement, the lender with the subordinated debt will be compensated in some manner for the additional risk. Subordination Agreement: Definition, Purposes, Examples - Investopedia investopedia.com ? terms ? subordination-a... investopedia.com ? terms ? subordination-a...

What is Subordination? Subordination is putting something in a lower position or rank. Therefore, a subordination agreement puts the lease below the mortgage loan in priority. Mortgage lenders want the leases to be subordinate to the mortgage. That way, the mortgage loan is paid first if there is a foreclosure. Demystifying the Commercial Lease?Subordination, Non ... JD Supra ? legalnews ? demystifying-t... JD Supra ? legalnews ? demystifying-t...

Subordination of lease refers to the tenant's consent to subordinate his or her rights over a property to the rights of the bank holding the mortgage on the property. A subordination of lease agreement is created for this purpose. Subordination of Lease - definition & explanation | PropertyShark.com propertyshark.com ? Real-Estate-Glossary propertyshark.com ? Real-Estate-Glossary

A subordination agreement is one where the lending party agrees to assign the pre-existing lien a lower priority to a subsequent oil and gas lease. As a result, it is as if the lease had been executed and recorded prior to the lien. Lien Foreclosures & Oil & Gas Leases ? The New Law in Texas coatsrose.com ? wp-content ? uploads ? Lie... coatsrose.com ? wp-content ? uploads ? Lie...

The Subordination Clause. A subordination clause is a lease provision whereby the tenant subordinates its possessory interest in the leased premises to a third-party lender, usually a bank (the rights of the tenant are thus subject to the rights of the lender). Subordination, Nondisturbance and Attornment Provisions In ... sandiegobusinesslawyerblog.com ? subor... sandiegobusinesslawyerblog.com ? subor...

The Subordination Clause A subordination is a contractual agreement by the tenant that its leasehold interest in the collateral property, or portion thereof (the subject property of the lease), is subordinate either to the mortgage or to the lien of the mortgage. THE SNDA CLAUSE IN COMMERCIAL LEASING sweeneylawpa.com ? the-snda-clause-in-co... sweeneylawpa.com ? the-snda-clause-in-co...

Subordination is putting something in a lower position or rank. Therefore, a subordination agreement puts the lease below the mortgage loan in priority. Mortgage lenders want the leases to be subordinate to the mortgage. That way, the mortgage loan is paid first if there is a foreclosure. Demystifying the Commercial Lease?Subordination, Non-Disturbance ... jdsupra.com ? legalnews ? demystifying-the... jdsupra.com ? legalnews ? demystifying-the...

Lien subordination refers to the order in which claims on collateral are prioritized. This takes place most often among senior secured lenders and does not imply that one tranche of senior debt has payment preference over another. Lien Subordination vs Payment Subordination - Financial Edge fe.training ? free-resources ? credit ? lien-su... fe.training ? free-resources ? credit ? lien-su...

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North Dakota Subordination by Lessee of Right to Use All or Part of Surface Estate