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subordination clause

Clause in some mortgages which allows subsequent mortgages on the same property to have higher claim than the current mortgage.

Related information about subordination clause:
  1. Subordination Clause Definition | Investopedia
    A clause in an agreement which states that the current claim on any debts will take priority over any other claims formed in other agreements made in the future.
     
  2. Subordination clause - Legal Dictionary - The Free Dictionary
    subordination agreement n. a written contract in which a lender who has secured a loan by a mortgage or deed of trust agrees with the property owner to ...
     
  3. Understanding the Lease Subordination Clause By Marc ... - Anchin
    Understanding the Lease Subordination Clause. By Marc Wieder, CPA. Anchin, Block & Anchin LLP. If you own commercial rental property, your bank or other ...
     
  4. Subordination Clause: Definition from Answers.com
    clause in a Mortgage loan agreement that permits a mortgage recorded at a subsequent date to have preference over the original mortgage.
     
  5. What is subordination clause? definition and meaning
    Definition of subordination clause: Clause in some mortgages which allows subsequent mortgages on the same property to have higher claim than the current ...
     
  6. Lease Subordination Clause - El Paso Industrial Real Estate ...
    When a landlord and a tenant agree to a commercial lease, it may contain clauses covering things that neither party to the lease ever expects to happen.
     
  7. Subordination Clause | Mortgage Reference Library
    Subordination Clause. The clause inserted into a mortgage document that keeps the mortgage secondary to any other mortgages. Loans are valued according ...
     
  8. Leases: Negotiating Subordination Provisions
    One such agreement is the lease subordination clause, by which the tenant agrees the lease will be subordinate to any present or future mortgage the landlord ...