Newark New Jersey Subordination of Vendor's Lien Retained by Grantor in Warranty Deed
Category:
State:
Multi-State
City:
Newark
Control #:
US-OG-138
Format:
Word;
Rich Text
Instant download
Description
If a person has purchased land, and the grantor in the deed reserves a vendors lien, that lien is superior to any subsequent grants by the owner of the land, including any oil and gas lease entered into at a later date. This form provides for the lien holder to subordinate a retained vendor's lien to an oi land gas lease on the lands that are the subject of the vendor's lien.
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