Common use of Landlord’s Right To Mortgage Clause in Contracts

Landlord’s Right To Mortgage. Tenant agrees to accept the premises subject to and subordinate to any existing or future mortgage or other lien, and Landlord reserves the right to subject premises to same. Tenant agrees to and hereby irrevocably grants Landlord power of attorney for Tenant for the sole purpose of executing and delivering in the name of the Tenant any document(s) related to the Landlord’s right to subject the premises to a mortgage or other lien.

Appears in 80 contracts

Samples: Georgia Lease Agreement (Landa App LLC), Landa Lease (Landa App 3 LLC), Georgia Lease Agreement (Landa App 2 LLC)

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Landlord’s Right To Mortgage. Tenant Xxxxxx agrees to accept the premises subject to and subordinate to any existing or future mortgage or other lien, and Landlord Xxxxxxxx reserves the right to subject premises to same. Tenant Xxxxxx agrees to and hereby irrevocably grants Landlord power of attorney for Tenant for the sole purpose of executing and delivering in the name of the Tenant any document(s) related to the Landlord’s right to subject the premises to a mortgage or other lien.

Appears in 49 contracts

Samples: Landa Lease (Landa App 3 LLC), Landa Lease (Landa App 3 LLC), Landa Lease (Landa App LLC)

Landlord’s Right To Mortgage. Tenant agrees to accept the premises subject to and subordinate to any existing or future mortgage or other lien, and Landlord reserves the right to subject premises to same. Tenant agrees to and hereby irrevocably grants Landlord power of attorney for Tenant for the sole purpose of executing and delivering in the name of the Tenant any document(s) related to the Landlord’s right to subject the premises to a . mortgage or other lien.

Appears in 1 contract

Samples: Residential Lease Agreement

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Landlord’s Right To Mortgage. Tenant agrees to accept the premises subject to and subordinate subordinated to any existing or future mortgage or other lien, and Landlord reserves the right to subject premises to same. Tenant agrees to and hereby irrevocably grants Landlord power of attorney for Tenant for the sole purpose of executing and delivering in the name of the Tenant any document(s) related to the Landlord’s right to subject the premises to a mortgage or other lien.

Appears in 1 contract

Samples: Residential Lease Agreement

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