Leasehold Mortgage Ground Rent Reserve Fund Covenants (Pro-Leasehold Lender) | Practical Law
Standard Clauses for establishing a ground rent reserve fund in a leasehold mortgage secured by a ground lease establishing a ground lease reserve fund. These Standard Clauses have integrated notes with important explanatory and drafting tips. While leasehold mortgages are generally governed by state law, this jurisdictionally-neutral template is useful and relevant in every state.