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Lease Subordination Agreement - Indiana

Lease Subordination Agreement - Indiana 2025

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The document is a Subordination Agreement in which a Lienholder agrees to subordinate their mortgage lien to an Oil and Gas Lease granted by the Lessor to the Lessee. It releases the leasehold estate from the mortgage liens while maintaining the Lienholder's rights to any royalty interests and reversionary interests in the mineral estate. The agreement is effective as of a specified date.

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Click ‘Get Form’ to open the Lease Subordination Agreement in the editor.
Begin by filling in the 'State' and 'County' fields at the top of the document. This information is crucial for identifying the jurisdiction of the agreement.
Next, enter the names of the 'Lessor', 'Lienholder', and 'Lessee'. Ensure that these names are accurate as they represent all parties involved in this agreement.
Specify the 'Effective Date' of the agreement. This date marks when the terms become applicable.
In the section regarding the mortgage or deed of trust, provide a detailed description of the lands covered, including any relevant recording information such as volume and page numbers.
Complete any additional sections related to rights and interests, ensuring clarity on how liens are subordinated to the lease.
Finally, review all entries for accuracy before signing. Use our platform’s features to save your progress and share it with other parties for their signatures.

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What does subordination mean in a lease agreement?

The Subordination of Lease clause establishes that the tenants lease is subordinate to the liens of any current or future mortgages on the property, giving the mortgage lenders rights priority over the tenants rights.

What is the Indiana Code 32 31 1 20?

Local Units Prohibited From Regulating Rental Rates and Landlord-Tenant Relationship.

What are the rules for lease renewal in Indiana?

Lease Renewal and Termination Landlords must give month-to-month tenants at least 30 days notice when they plan on terminating their tenancy. No notice is required to inform a tenant when they do not intend to renew a fixed-term lease it simply ends when the term ends.

What is the Indiana Code 32 31 5 4?

Sec. 4. Unless otherwise provided by a written rental agreement between a landlord and tenant, a landlord shall give the tenant at least thirty (30) days written notice before modifying the rental agreement.

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