Leasehold Mortgage Ground Rent Reserve Fund Covenants (Pro-Leasehold Lender) | Practical Law

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.

Leasehold Mortgage Ground Rent Reserve Fund Covenants (Pro-Leasehold Lender)

Practical Law Standard Clauses 4-612-0589 (Approx. 9 pages)

Leasehold Mortgage Ground Rent Reserve Fund Covenants (Pro-Leasehold Lender)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
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.