Understanding Subordination Agreements in Commercial Leases
A subordination agreement modifies the priority of liens or claims on a property. In the context of commercial leases, a subordination agreement addresses the relationship between the tenant, landlord and lender.
Importance of Subordination Agreements Commercial Leases
1. Ensuring Lender’s Priority: Subordination agreements primarily protect the interests of lenders (banks) by allowing them to maintain their position as the primary lienholder. This protects the lender’s investment and ensures that they have first claim to the property in the event of default or foreclosure.
2. Subordination of Tenant’s Rights: The subordination agreement explicitly…
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A well written (pun intended), well share agreement decreases the odds of disputes with neighbors and gives peace of mind. By clearly defining rights and responsibilities the agreement provides certain assurances that each household’s interests will be protected. By tailoring the agreement to each specific situation it removes gray areas that can lead to differing interpretations of how different situations should be handled.

Over the years, I have spoken to literally hundreds of Arizonians with some type of dispute regarding a shared well. A common variable in these situations is a poorly written shared well agreement or none at all.
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