Common use of PRIORITY OF LEASE Clause in Contracts

PRIORITY OF LEASE. If this property is sold at a mortgage foreclosure sale, the purchaser can end this lease. In a foreclosure sale, all mortgages that now or in the future affect the property have a priority over this lease. The tenant agrees to sign all papers needed by the mortgage holder to give priority over this lease. In this Section the tenant gives up or waives a right to have the lease continue after some foreclosure sales.

PRIORITY OF LEASE. If this the property is sold at a mortgage foreclosure salesold, the purchaser can end this lease. In a foreclosure sale, all mortgages that now or in the future affect the property have a priority over this lease. The tenant Tenant agrees to sign all papers needed by the mortgage holder to give priority over this lease. In this Section the tenant The Tenant gives up or waives a right to have the lease continue after some foreclosure sales.

PRIORITY OF LEASE. If this property is sold at a mortgage foreclosure sale, the purchaser can end this lease. In a foreclosure sale, all mortgages that now or in the future affect the property have a priority over this lease. The tenant agrees to sign all papers needed by the mortgage holder to give priority over this lease. In this Section the tenant gives up or waives a right to have the lease continue after some foreclosure sales.