Residential Rental Lease - Subordination Addendum

This is a branch of the 'Residential Rental Lease Template'

Subordination Addendum for Residential Lease

This subordination language is an addendum to the existing lease named: Lease Name

This is for the purposes of supporting financing and re-financing the property in said lease.

16.1 SUBORDINATION:

This Lease will be subject and subordinate to any first and second mortgage hereafter placed upon the premises to any bank, insurance company or institutional lender of the like character (herein “Institutional First Mortgage” or “Institutional Second Mortgage”, as the case may be).

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