Home
Forms Library
Lease Subordination Agreement - Rhode Island

Lease Subordination Agreement - Rhode Island 2025

Lease Subordination Agreement - Rhode Island Preview on Page 1

Show details

4.8 out of 5

34 votes

The document is a Subordination Agreement in which the 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 all liens created by the mortgage while maintaining rights to any royalty interests and reversionary interests of the Lessor. The agreement is effective as of a specified date.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to modify Lease Subordination Agreement - Rhode Island online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making changes to your documentation takes just a few simple clicks. Make these fast steps to modify the PDF Lease Subordination Agreement - Rhode Island online free of charge:

Register and log in to your account. Log in to the editor using your credentials or click on Create free account to test the tool’s capabilities.
Add the Lease Subordination Agreement - Rhode Island for redacting. Click the New Document option above, then drag and drop the document to the upload area, import it from the cloud, or using a link.
Adjust your document. Make any changes required: add text and pictures to your Lease Subordination Agreement - Rhode Island, underline details that matter, remove parts of content and replace them with new ones, and add symbols, checkmarks, and fields for filling out.
Complete redacting the form. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is super easy to use and effective. Try it out now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the purpose of a subordination clause?

What is Subordination? Subordination is putting something in a lower position or rank. Therefore, a subordination agreement puts the lease below the mortgage loan in priority. Mortgage lenders want the leases to be subordinate to the mortgage. That way, the mortgage loan is paid first if there is a foreclosure.

What is a subordinate clause in a lease?

The lease will include a provision that requires the tenant to subordinate its lease to all existing and future loans. This gives the lender the option, after a foreclosure, to either recognize the lease or terminate it.

What happens if a lease is not subordinate to a mortgage?

There must be a valid reason for evicting the tenant before foreclosure. In cases involving the foreclosure of the rental property AND a valid reason to evict a tenant, then the landlord must provide a 30-Days Notice to Quit.

What is subordination in a lease agreement?

Rhode Island does not have any statewide laws that limit or control how much a landlord can raise the rent on rental properties. Landlords have the right to raise rents to market rates when an existing lease term expires or for month-to-month tenants.

What does subordination mean on a lease?

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.

Can my landlord raise my rent $300 dollars in Rhode Island?

Unless your lease has an SNDA, your lease will be canceled if the property is foreclosed upon. This leaves tenants in a dangerous and time-sensitive position where they have to find a new property in rental time, often without the security deposit paid to the original landlord.

Lease Subordination Agreement - Rhode Island 2025

Here's how it works