If you are a money lending company, there are chances that you may come across people who may have taken loans from various agencies, yours being one of them. In case you are concerned that this person may default the loan repayment, you can actually prevent this by getting him sign a subordinate agreement. This gives you the power to compel the borrower to repay your loan before he pays off other debts. You can also use this if the same person has borrowed money from you on different occasion. However, this agreement is a legal document which is why you need to draft it very carefully. In case you want to do it yourself but are not sure how, using subordination agreement templates can help. These comprise of all the important clauses and segments which you can change as per your needs. You May also See Sample Loan Agreement Templates
Sample Subordination Agreement Template
This is a sample of how a subordination agreement actually looks. It outlines all the important agreement clauses and comprises of all crucial segments that should be included in such agreements. You can use this just the way it is or make necessary changes before adding in the details.
Blank Subordination Agreement
As the name suggests, this agreement is a sample of an actual subordination agreement. This is written in proper legal jargon and contains all the important clauses that would legalize the agreement. All you need to do is fill in the blank spaces with details of you and your client. You can even make changes to the existing clauses in accordance to your requirements.
Simple Subordination Agreement
If you are thinking of drafting a subordination agreement that is easy to understand, then go ahead and use this simple subordination agreement template. This template puts in all the details of the agreement in an easy to understand language. You can make required changes to the template before adding in the relevant information.
Mortgage Subordination Agreement Template
In case, your client has mortgaged an asset to acquire a loan and you want to ensure that he pays it off at the earliest, you need to get into a mortgage subordination agreement with him. If you are not sure how to draft such an agreement, using the mortgage subordination agreement template can make the task easier for you. It comprises of all the important segments that should be a part of such agreements. You only need to add in the relevant details and then sign up the agreement.
Example of Subordination Agreement
Subordination of Lease
Sample Subordination Contract
Subordination Agreement Form
When do you Need Subordination Agreement Template
- When you want to affect a Senior Creditor to loan cash to a specific Borrower which you have advanced cash to as a Junior Creditor and craving to subordinate your advances to Senior Creditor.
- When you have to acquire cash however the Lender is asking for a signed proclamation guaranteeing their own particular will have need over other existing advances.
- You are loaning cash to a Borrower and need confirmation that your credit will have need over existing advances.
Benefits of Subordination Agreement Template
- These have been designed by legal experts and thus adhere to the rules that should be followed in such cases
- These are recognized by the law as valid proofs in case of any disputes
- These can be easily customized and edited as per the preference of the signing parties
How to Write a Subordination Agreement
It would be a good idea to get some legal or expert advice before you set out to work on this. Make sure to add in all the agreement clauses that both the parties should adhere to. Break the whole content into smaller paragraphs or bullet points to enhance the readability of the document.
We offer a large variety of subordination agreement templates to choose from. Easy to customize, these are ready to be printed out. These are available in MS Word or PDF format, thus making them compatible with most devices. If you want us to make some changes to our template designs such that they become suitable to you, we are open to make these changes. So, do come forth with your ideas and requests. You May also See Excel Schedule Templates
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