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Updated almost 2 years ago, 01/23/2023

Christopher Veljkovic's profile image
Christopher Veljkovic's profile image
Christopher Veljkovic
Pro Member
  • Rental Property Investor
  • from Morris County, NJ
  • Member since Feb 14, 2017
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User Stats

130
Posts
35
Votes
Christopher Veljkovic's profile image
Christopher Veljkovic's profile image
Christopher Veljkovic
Pro Member
  • Rental Property Investor
  • from Morris County, NJ
  • Member since Feb 14, 2017
Connect
Christopher Veljkovic
Pro Member
  • Rental Property Investor
  • Morris County, NJ
35
Votes |
130
Posts
General Landlording & Rental Properties

What does this MEAN?? SUBORDINATION: The Lease is subordinate to all existing......

Christopher Veljkovic
Pro Member
  • Rental Property Investor
  • Morris County, NJ
Posted

Hey BP,

Over looking my lease agreement  and came across this:

SUBORDINATION: The Lease is subordinate to all existing and future mortgages, deeds of trust and other security interests on the Premises.

What does this mean? and is this beneficial to have? and if so why?

Thank you ahead of time

Newark, New Jersey
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