To be forced into second place.
Know your place. Know your rights.
Why it’s in the lease
Always lender required of the landlord so they just pass it on.
Risks to the tenant
Check to make sure the subordination triggers are reasonable. Triggers warn the tenant that the landlord has financial problems and may be foreclosed on by a lender.
What it means to the tenant
Subordination is a reminder that a tenant is just that and does not own the real estate.
Points of negotiation
For a major tenant, subordination language can be modified to provide reasonable notice of a pending delinquency or foreclosure situation.
Lease view order
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