Subordinaton

State:
Multi-State
County:
Contra Costa
Control #:
US-OG-1212
Format:
Word; 
Rich Text
Instant download

Description

This form is a subordination of mortgage lien to easement and right of way.

Contra Costa County, located in California, offers a Subordination of Mortgage Lien to Easement and Right of Way, which is a legal agreement that allows a property owner to grant an easement or right of way on their property while maintaining the priority of their mortgage lien. This type of subordination is common in situations where a property owner wants to establish or modify an easement or right of way without jeopardizing the interests of the mortgage lender. In Contra Costa County, there are different types of Subordination of Mortgage Lien to Easement and Right of Way, including: 1. Voluntary Subordination: This occurs when a property owner willingly agrees to subordinate their mortgage lien to create, modify, or grant an easement or right of way on their property. This agreement ensures that the mortgage lender maintains their priority position, and any subsequent liens or claims on the property are subject to the existing mortgage. 2. Inverse Subordination: In certain cases, an easement or right of way may already exist on a property, but the property owner wishes to subordinate their mortgage lien to strengthen the rights of the easement holder or right of way user. This type of subordination is known as inverse subordination and requires the agreement of both the property owner and the easement/right of way holder. 3. Judicial Subordination: Sometimes, in situations where a dispute arises between the mortgage lender and the party seeking an easement or right of way, the court may order a judicial subordination. This typically occurs after a legal proceeding or lawsuit, where the judge determines that it is necessary to subordinate the mortgage lien to facilitate the creation or modification of an easement or right of way. It is essential to note that the specific terms and conditions of the Subordination of Mortgage Lien to Easement and Right of Way can vary based on the individual circumstances and the agreement reached between the parties involved. Property owners in Contra Costa County seeking this type of subordination should consult with legal professionals to ensure compliance with local laws and protect their interests.

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FAQ

The difference is that, with an easement appurtenant, the dominant estate your neighbor, for example holds the right to the land. With an easement in gross, the users of the easement aren't estates, they're people like utility companies or services.

As such, the courts have largely limited the use of Negative Easements to a small list that includes Easements for air, the flow of an artificial stream, light, and for Subjacent or Lateral Support.

Utility company easements represent the most common types of easements in gross in the US. A utility easement makes it possible for a utility company to service part of a property or maintain equipment needed to supply utility services. Pipeline easements are also considered common easements in gross.

The ouster principle dictates that a right cannot be an easement if it leaves the. landowner with no reasonable use of the land.

An easement allows someone other than the owner to access and use a section of the owner's land. It can also restrict how the owner can use that section. Common easements include: the right to walk across land. for the supply of utilities like water, electricity, gas.

Affirmative easements are the most common. They allow privileged use of land owned by others. Negative easements are more restrictive. They limit how land is used.

There are several types of easements, including: utility easements. private easements. easements by necessity, and. prescriptive easements (acquired by someone's use of property).

An easement is a right in rem which is capable of being legal (Law of Property Act 1925, section 1(1)). An express easement will actually achieve legal status if created with the requisite formality i.e. a deed (Law of Property Act 1925, section 52(1)) and registration (Land Registration Act, section 27(2)(d)).

By Practical Law Property. This deed of easement grants simple rights over the grantor's land in return for a payment made by the grantee to the grantor. It contains optional clauses for a lender to give consent to the grant of the rights.

Some shared driveways exist completely on one property, and the easement grants the other property owner rights to use and possess the driveway to access his or her property.

More info

Open Space Easement Areas . The right of way, and the wrong of way.The ML Certificates are subject to a 7. Contra Costa County consists of approximately 169. The mortgagee has title, the right to possession, and absolute ownership rights in the mortgaged property. Geologic Hazards Resulting From Negligence of Property Owner .

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Subordinaton