What is an example of subordination in real estate?

Here's an example of how subordination clauses in mortgage notes work for a better understanding: John decides to buy a house. John's bank agrees to lend him the money to purchase a home on the condition that they take repayment priority. John's bank uses a subordination clause to secure its rights.

US Legal Forms
Localized Forms
California
San Diego
Subordination by Lessee of Right to Use All or Part of Surface Estate

San Diego California Subordination by Lessee of Right to Use All or Part of Surface Estate

Name: San Diego California Subordination by Lessee of Right to Use All or Part of Surface Estate
Brand: US Legal Forms
Rating: 4.56 (214 reviews)

Category:

Oil Gas and Minerals - Subordination

State:

Multi-State

County:

San Diego

Control #:

US-OG-140

Format:

Instant download

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.

View Tempe Affidavit of Service by Certified or Registered Mail

View this form

View Tempe Writ of Attachment

View this form

View Tempe Stipulation for Continuance and Order

View this form

View Tempe Out of Pocket Damages Worksheet

View this form

View Tempe Exhibits Worksheet

View this form

USLegal Guide to Sale of a Business

View this form

NCAA Intercollegiate Athletic Competition ...

View this form

How to fill out San Diego California Subordination By Lessee Of Right To Use All Or Part Of Surface Estate?

Do you need to quickly create a legally-binding San Diego Subordination by Lessee of Right to Use All or Part of Surface Estate or probably any other form to handle your personal or business matters? You can go with two options: contact a legal advisor to write a valid document for you or create it entirely on your own. The good news is, there's an alternative solution - US Legal Forms. It will help you receive professionally written legal papers without having to pay unreasonable fees for legal services.

US Legal Forms offers a huge catalog of over 85,000 state-compliant form templates, including San Diego Subordination by Lessee of Right to Use All or Part of Surface Estate and form packages. We offer documents for an array of life circumstances: from divorce papers to real estate document templates. We've been out there for over 25 years and gained a rock-solid reputation among our customers. Here's how you can become one of them and obtain the necessary document without extra hassles.

First and foremost, double-check if the San Diego Subordination by Lessee of Right to Use All or Part of Surface Estate is tailored to your state's or county's laws.
If the document includes a desciption, make sure to check what it's suitable for.
Start the search again if the template isn’t what you were looking for by utilizing the search bar in the header.
Choose the subscription that best suits your needs and proceed to the payment.
Select the format you would like to get your document in and download it.
Print it out, fill it out, and sign on the dotted line.

If you've already registered an account, you can easily log in to it, find the San Diego Subordination by Lessee of Right to Use All or Part of Surface Estate template, and download it. To re-download the form, simply head to the My Forms tab.

It's effortless to find and download legal forms if you use our services. Moreover, the documents we provide are reviewed by law professionals, which gives you greater peace of mind when dealing with legal affairs. Try US Legal Forms now and see for yourself!

Form Rating

4.56

Satisfied(214)

Form popularity

FAQ

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).

A subordination, non-disturbance, and attornment agreement (SNDA) is a three-party agreement among: A lender who has (or is about to take) a security interest in real property that is being: encumbered by a mortgage, deed of trust, or other security instrument; and. affected by one or more commercial leases.

A subordinated ground lease is one in which the landlord has agreed to give a lender a superior security interest in the property. In an unsubordinated ground lease, the landlord does not agree to a lower-priority claim.

Subordinate mortgages, which can come in the form of a second mortgage, equity loan, or home equity line of credit (HELOC), can allow you to fund all types of projects.

Subordination is the process of ranking home loans (mortgage, HELOC or home equity loan) by order of importance. When you have a home equity line of credit, for example, you actually have two loans your mortgage and HELOC. Both are secured by the collateral in your home at the same time.

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.

Here's an example of how subordination clauses in mortgage notes work for a better understanding: John decides to buy a house. John's bank agrees to lend him the money to purchase a home on the condition that they take repayment priority. John's bank uses a subordination clause to secure its rights.

Definition of 'Subordination of Lease' 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.

Interesting Questions

More info

After successful construction of a center Developer has obtained a take-out loan from a New York conduit lender ("Lender"). Surface owners, who own no.IN PART AND DENIES IN PART Defendants' Motion for Summary Judgment. The applicant and the Department of Real Estate. This Guide is not intended to serve as a complete primer or reference work. Grantor owns all of the surface and mineral estate and there is no current lease of the minerals. Coal deed contained express right for coal. The Lease Contract and all applicable lease addendums. A collection of all the forms and and documents that are posted on the San Diego Housing Commission's (SDHC) website, listed in one location. An oil-and-gas lease is not a "lease" in the traditional sense of a lease of the surface of real property.

San Diego California Subordination by Lessee of Right to Use All or Part of Surface Estate

Description

Related forms

Viewed forms

How to fill out San Diego California Subordination By Lessee Of Right To Use All Or Part Of Surface Estate?

Show more info

Form Rating

Form popularity

FAQ

What is a subordination clause in a lease?

What does subordination of a lease mean?

What does subordination and Attornment mean?

What is subordinated in a subordinated ground lease?

Is a subordinate mortgage a second mortgage?

What is subordination in a commercial lease?

What is subordination mean in real estate?

What is subordination in commercial real estate?

What is an example of subordination in real estate?

What does it mean when a lease is subordinate to a mortgage?

Interesting Questions

What is San Diego Subordination by Lessee of Right to Use All or Part of Surface Estate561974?

Why would a lessee choose to subordinate their right to use the surface estate?

What are the benefits of subordination for the lessee?

Can a lessee change their mind after subordinating their right to use the surface estate?

Who typically benefits from the subordination agreement?

Are there any risks for the lessee in subordinating their right to use the surface estate?

More info

Trusted and secure by over 3 million people of the world’s leading companies