Lease Subordination Agreement - North Dakota 2026

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  1. Click ‘Get Form’ to open the Lease Subordination Agreement in the editor.
  2. Begin by filling in the 'State' and 'County' fields at the top of the document. This information is crucial for identifying the jurisdiction of your agreement.
  3. Next, enter the names of the Lessor, Lienholder, and Lessee in their respective fields. Ensure that these names are accurate as they represent all parties involved in this agreement.
  4. Input the 'Effective Date' of the agreement. This date signifies when the terms of this subordination take effect.
  5. In the section describing the lands covered by the Mortgage/Deed of Trust, provide a detailed description of these lands to avoid any ambiguity.
  6. Fill in details regarding the recorded Mortgage/Deed of Trust, including its date and volume/page numbers from county records.
  7. Complete information about the Oil and Gas Lease granted to Lessee, including its recording details similar to those provided for the Mortgage/Deed of Trust.
  8. Finally, ensure that all parties sign where indicated. This step finalizes your agreement and makes it legally binding.

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A subordination agreement must be signed and acknowledged by a notary and recorded in the official records of the county to be enforceable.
Subordination agreements can help to establish a clear lien position hierarchy. This can be useful in the event of debt repayment scenarios like foreclosure. The need for a subordination agreement may arise when there are multiple loans on a property.

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