Financeable Ground Lease Clause (Pro-Leasehold Lender Short Form) | Practical Law

Financeable Ground Lease Clause (Pro-Leasehold Lender Short Form) | Practical Law

A Standard Clause for use in a ground lease that is pledged by a tenant to secure a leasehold mortgage. This Standard Clause protects the leasehold lender's collateral and may be used in an amendment to the ground lease or a landlord estoppel certificate delivered as part of the tenant's financing. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips. While ground leases are generally governed by state law, this jurisdictionally neutral Standard Clause is useful and relevant in every state.

Financeable Ground Lease Clause (Pro-Leasehold Lender Short Form)

Practical Law Standard Clauses 8-573-0645 (Approx. 32 pages)

Financeable Ground Lease Clause (Pro-Leasehold Lender Short Form)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A Standard Clause for use in a ground lease that is pledged by a tenant to secure a leasehold mortgage. This Standard Clause protects the leasehold lender's collateral and may be used in an amendment to the ground lease or a landlord estoppel certificate delivered as part of the tenant's financing. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips. While ground leases are generally governed by state law, this jurisdictionally neutral Standard Clause is useful and relevant in every state.