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Lease Subordination Agreement Louisiana  Form

Lease Subordination Agreement Louisiana Form

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hi I'm Walt Boutin ski and this is your one-minute lease clause today's lease clause is the S NDA or subordination and non disturbance agreement the question most people have is what the heck is that well you are agreeing to subordinate your lease to any financing or future financing in return for a non disturbance agreement so the non disturbance is the part that most benefits the tenant meaning that as long as you agree to be subordinate if they ever have to foreclose they will honor your lease and not disturb you not kick you out not raise your rent and the internment means that you are going to respect the rights of the landlord likewise so you are going to honor that lease and they are going to honor that lease in return for your subordination it's a good thing to have it protects the tenant in case of foreclosure smaller tenants can't get it or won't have them ago she ating power to get it but if you're a larger user or you'

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