Subordination means an agreement to put a debt or claim which has priority in a lower position behind another debt, particularly a new loan. A property owner with a loan secured by the property who applies for a second mortgage to make additions or repairs usually must get a subordination of the original loan so the new loan has first priority. A declaration of homestead must always be subordinated to a loan.
Raleigh North Carolina Lease Subordination Agreement
State:
North Carolina
City:
Raleigh
Control #:
NC-844LT
Format:
Word;
Rich Text
Instant download
Description
This Lease Subordination Agreement is a lienholder's lien that was created by a (Mortgage/Deed of Trust) and is subordinated to a mineral/oil/gas lease and lienholder releases, said Leasehold from all liens created by said (Mortgage/Deed of Trust), and all extensions and renewals of such liens. Lienholder retains all rights under the (Mortgage/Deed of Trust) against any royalty interest reserved by the lessor in and payable under the terms of the lease, or any of lessor's reversionary interests on the termination or expiration of the lease.
How to fill out Raleigh North Carolina Lease Subordination Agreement?
If you are searching for a relevant form, it’s difficult to choose a more convenient place than the US Legal Forms website – probably the most extensive online libraries. Here you can get a large number of templates for business and personal purposes by categories and regions, or key phrases. Using our advanced search function, discovering the latest Raleigh North Carolina Lease Subordination Agreement is as easy as 1-2-3. Furthermore, the relevance of every record is confirmed by a group of skilled attorneys that on a regular basis review the templates on our website and update them based on the newest state and county regulations.
If you already know about our platform and have a registered account, all you should do to receive the Raleigh North Carolina Lease Subordination Agreement is to log in to your user profile and click the Download option.
If you use US Legal Forms for the first time, just follow the instructions below:
- Make sure you have found the form you want. Read its explanation and use the Preview option (if available) to explore its content. If it doesn’t meet your requirements, use the Search field near the top of the screen to get the proper document.
- Confirm your decision. Click the Buy now option. After that, choose the preferred pricing plan and provide credentials to register an account.
- Make the financial transaction. Utilize your credit card or PayPal account to complete the registration procedure.
- Obtain the template. Indicate the file format and save it to your system.
- Make changes. Fill out, revise, print, and sign the received Raleigh North Carolina Lease Subordination Agreement.
Each and every template you save in your user profile has no expiry date and is yours permanently. You can easily gain access to them via the My Forms menu, so if you need to receive an extra version for editing or creating a hard copy, feel free to return and download it once more at any moment.
Make use of the US Legal Forms professional catalogue to gain access to the Raleigh North Carolina Lease Subordination Agreement you were looking for and a large number of other professional and state-specific samples on a single website!
