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 New Mexico Subordination Agreement with Release of Lien as to Leasehold Estate is a legal document that allows parties involved in a real estate transaction to establish the priority of their interests in a leasehold estate. This agreement is important when there are multiple claims or liens against a property and establishes the order in which these claims must be satisfied. Keywords: New Mexico, subordination agreement, release of lien, leasehold estate, real estate transaction, priority of interests, multiple claims, liens, property, order, claims, satisfied. Types of New Mexico Subordination Agreements with Release of Lien as to Leasehold Estate may include: 1. Commercial Subordination Agreement: This type of agreement is used when a commercial property is subject to multiple liens or claims. It allows parties involved, such as lenders or creditors, to establish the priority of their interests in the leasehold estate. 2. Residential Subordination Agreement: This form of agreement is utilized in residential real estate transactions where there are multiple parties with claims or liens against a leasehold estate. It helps determine the order in which these interests must be satisfied. 3. Landlord-Tenant Subordination Agreement: In some instances, a landlord may have a claim or lien against the leasehold estate of a tenant. This specific type of subordination agreement allows the landlord and tenant to establish the priorities of their interests in the property. 4. Subordination Agreement with Release of Lien for Leasehold Improvements: When a tenant makes improvements to a leasehold property and there are existing liens or claims against it, this agreement is used to establish the order in which these interests must be satisfied and release the liens accordingly. 5. Mortgage Subordination Agreement: In situations where a mortgage lender has a claim or lien against a leasehold estate, this agreement is used to subordinate the mortgage to other parties' claims or liens, ensuring their priority in the event of foreclosure or default. Overall, a New Mexico Subordination Agreement with Release of Lien as to Leasehold Estate is a crucial legal document that helps establish the priority of interests and resolve potential conflicts between multiple parties involved in a leasehold property transaction.A New Mexico Subordination Agreement with Release of Lien as to Leasehold Estate is a legal document that allows parties involved in a real estate transaction to establish the priority of their interests in a leasehold estate. This agreement is important when there are multiple claims or liens against a property and establishes the order in which these claims must be satisfied. Keywords: New Mexico, subordination agreement, release of lien, leasehold estate, real estate transaction, priority of interests, multiple claims, liens, property, order, claims, satisfied. Types of New Mexico Subordination Agreements with Release of Lien as to Leasehold Estate may include: 1. Commercial Subordination Agreement: This type of agreement is used when a commercial property is subject to multiple liens or claims. It allows parties involved, such as lenders or creditors, to establish the priority of their interests in the leasehold estate. 2. Residential Subordination Agreement: This form of agreement is utilized in residential real estate transactions where there are multiple parties with claims or liens against a leasehold estate. It helps determine the order in which these interests must be satisfied. 3. Landlord-Tenant Subordination Agreement: In some instances, a landlord may have a claim or lien against the leasehold estate of a tenant. This specific type of subordination agreement allows the landlord and tenant to establish the priorities of their interests in the property. 4. Subordination Agreement with Release of Lien for Leasehold Improvements: When a tenant makes improvements to a leasehold property and there are existing liens or claims against it, this agreement is used to establish the order in which these interests must be satisfied and release the liens accordingly. 5. Mortgage Subordination Agreement: In situations where a mortgage lender has a claim or lien against a leasehold estate, this agreement is used to subordinate the mortgage to other parties' claims or liens, ensuring their priority in the event of foreclosure or default. Overall, a New Mexico Subordination Agreement with Release of Lien as to Leasehold Estate is a crucial legal document that helps establish the priority of interests and resolve potential conflicts between multiple parties involved in a leasehold property transaction.
