The Subordination Agreement Mortgage is essential in Pakistani financial and property transactions where multiple lenders hold security interests over the same property. This document becomes necessary when a property has or will have multiple mortgages, and the lenders need to establish their relative priorities. It is particularly relevant in refinancing scenarios, property development projects, or when additional financing is sought against an already mortgaged property. The agreement must comply with Pakistani law, including the Transfer of Property Act 1882, Registration Act 1908, and relevant banking regulations. It typically includes detailed provisions about the rights of senior and subordinate lenders, enforcement mechanisms, and may need to accommodate both conventional and Islamic banking requirements. The document is crucial for risk management and provides clarity on lenders' rights in default scenarios.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all parties including Senior Lender, Subordinate Lender(s), and Property Owner/Mortgagor
2. Background: Recitals explaining the existing mortgages, their registration details, and the need for subordination
3. Definitions: Definitions of key terms including Senior Debt, Subordinate Debt, Property, Security Documents
4. Subordination Agreement: Core terms establishing the subordination of the junior mortgage to the senior mortgage
5. Representations and Warranties: Statements of fact and assurances from each party regarding their authority and the validity of the mortgages
6. Senior Lender's Rights: Detailed provisions regarding the senior lender's priority rights and enforcement powers
7. Subordinate Lender's Obligations: Restrictions and obligations of the subordinate lender, including limitations on enforcement
8. Property Owner's Covenants: Obligations of the property owner regarding maintenance of the property and compliance with both mortgages
9. Notice Requirements: Procedures for communications between parties, especially regarding defaults or enforcement actions
10. Term and Termination: Duration of the subordination agreement and circumstances for termination
11. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes
1. Islamic Finance Compliance: Required when any party is an Islamic financial institution, ensuring compliance with Shariah principles
2. Multiple Subordinate Lenders: Additional provisions needed when there are multiple subordinate lenders establishing their respective rankings
3. Cross-Default Provisions: Optional provisions linking defaults under different security documents
4. Standstill Provisions: Detailed provisions preventing subordinate lender from taking enforcement action for a specified period
5. Future Advances: Provisions dealing with priority of any additional advances made by either lender
6. Insurance Requirements: Specific provisions regarding insurance and allocation of insurance proceeds
7. Assignment and Transfer: Provisions governing the transfer of rights under the mortgages or this agreement
1. Property Description: Detailed legal description of the mortgaged property including registration details
2. Senior Mortgage Details: Copy or details of the senior mortgage including registration information
3. Subordinate Mortgage Details: Copy or details of the subordinate mortgage including registration information
4. Existing Encumbrances: List of any other existing charges or encumbrances on the property
5. Form of Notices: Template formats for various notices required under the agreement
6. Registration Requirements: Specific requirements for registration of the subordination agreement under Pakistani law
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking
Real Estate
Financial Services
Islamic Banking
Construction
Property Development
Commercial Property
Residential Property
Infrastructure Development
Corporate Finance
Relevant Teams
Legal
Real Estate Finance
Credit Risk
Compliance
Islamic Banking
Property Management
Corporate Finance
Security Documentation
Mortgage Operations
Risk Management
Relevant Roles
Legal Counsel
Banking Manager
Mortgage Officer
Real Estate Manager
Credit Risk Officer
Property Lawyer
Banking Lawyer
Compliance Officer
Islamic Banking Officer
Security Documentation Officer
Real Estate Finance Manager
Property Rights Registrar
Loan Officer
Corporate Finance Manager
Risk Management Officer
Find the exact document you need
Non Binding Agreement
A non-binding agreement template under Pakistani law for documenting business intentions and proposed collaborations without creating legal obligations.
find out more
Lease Option (Real Estate)
A Pakistani law-governed agreement combining property lease terms with a future purchase option, integrating both common law and Islamic law principles.
find out more
Business Agreement
A Pakistani law-compliant business agreement template for establishing commercial relationships between business entities.
find out more
Unregistered Sale Agreement With Possession
A Pakistani law-compliant unregistered property sale agreement that facilitates immediate possession transfer while documenting the transaction terms and parties' obligations.
find out more
Enforceable Agreement
Standard enforceable agreement template compliant with Pakistani law and the Contract Act 1872, suitable for various business transactions.
find out more
Franchise Agreement Draft
A legal agreement under Pakistani law establishing the terms and conditions for operating a franchise business, including rights, obligations, and operational requirements of both franchisor and franchisee.
find out more
Standard Form Contract
A standardized contract template compliant with Pakistani law, designed for consistent use across business transactions.
find out more
Legal Agreement Between Two Parties
Standard two-party legal agreement template compliant with Pakistani law and jurisdiction, suitable for various business relationships.
find out more
Simple Agreement
Basic contract template compliant with Pakistani law, suitable for straightforward business arrangements and general commercial use.
find out more
Mutual Agreement Between Two Parties
A bilateral agreement template compliant with Pakistani law, establishing legal relationships between two parties with clearly defined mutual rights and obligations.
find out more
Incorporation Agreement
A Pakistani law-governed agreement establishing a new company's structure, governance, and shareholder relationships under SECP regulations.
find out more
Contract For Selling A Car
A Pakistani law-governed agreement for the sale and transfer of ownership of a motor vehicle, including essential terms and compliance requirements.
find out more
Business Transfer Agreement
A legally binding agreement under Pakistani law facilitating the complete transfer of business operations, assets, and liabilities between entities.
find out more
Tooling Agreement
A Pakistani law-governed agreement establishing terms for industrial tooling manufacture, supply, and maintenance, incorporating local manufacturing regulations and standards.
find out more
Service Agreement Terms And Conditions
A Pakistani law-governed agreement establishing terms and conditions for service provision between provider and client.
find out more
Representation Agreement
A Pakistani law-governed agreement establishing and regulating the relationship between a principal and their appointed representative, outlining representation terms and obligations.
find out more
Provisional Agreement
A Pakistani law-governed interim agreement establishing temporary terms between parties while working towards a final agreement.
find out more
Model Tenancy Agreement
A standardized rental agreement template compliant with Pakistani property laws and regulations, establishing terms between landlord and tenant.
find out more
Land Agreement Between Two Parties
A Pakistani law-governed agreement for transferring land ownership between two parties, detailing property specifications, consideration, and transfer terms.
find out more
Buyer Agency Agreement
A Pakistani law-governed agreement establishing a professional relationship between a property buyer and real estate agent, defining services, obligations, and compensation terms.
find out more
Subordination Agreement Mortgage
A Pakistani law-governed agreement establishing priority ranking between multiple mortgages over the same property, determining the hierarchy of security interests between lenders.
find out more
Agreement To Perform Work
A Pakistani law-governed agreement defining terms and conditions for specific work performance between contracting parties.
find out more
Commercial Lease Form
A Pakistani law-compliant agreement establishing terms and conditions for commercial property leasing, including rights, obligations, and regulatory requirements.
find out more
Simple Car Sale Agreement
A legally binding agreement under Pakistani law for the sale and transfer of ownership of a motor vehicle between two parties, documenting essential sale terms and conditions.
find out more
Employee Accommodation Agreement
A Pakistan-compliant agreement governing employer-provided accommodation arrangements, outlining terms of occupancy and mutual obligations.
find out more
Employment Contract Form
A Pakistani law-compliant employment contract establishing terms and conditions between employer and employee.
find out more
Lease Agreement
A Pakistani law-compliant agreement establishing terms and conditions for property rental, governed by the Transfer of Property Act and provincial regulations.
find out more
Contractual Agreement
A standard Contractual Agreement template compliant with Pakistani law, suitable for establishing legally binding business relationships.
find out more
Security Agreement Form
A Pakistani law-governed agreement creating security interests over assets, establishing rights and obligations between security provider and holder under local secured transactions legislation.
find out more
Labour Contract Agreement For Construction Of House
A comprehensive labor contract for house construction projects in Pakistan, ensuring compliance with local labor laws and construction regulations.
find out more
House Construction Agreement Between Owner Contractor
A Pakistani law-governed agreement between property owner and contractor for house construction, detailing construction terms, specifications, and obligations.
find out more
Lodger Agreement
A Pakistani law-compliant agreement establishing terms for a lodger to share accommodation with a homeowner, covering rights, responsibilities, and living arrangements.
find out more
Consulting Agreement
A Pakistani law-governed agreement establishing terms and conditions between a client and consultant for professional consulting services.
find out more
Head Of Terms Agreement
A preliminary agreement under Pakistani law outlining key terms and conditions of a proposed business transaction, serving as a framework for detailed negotiations and final agreements.
find out more
Supply Contract Form
Standard Supply Contract Form compliant with Pakistani law, governing commercial supply relationships between parties for goods and materials.
find out more
Business Contract
A business contract template compliant with Pakistani law, establishing terms and conditions for commercial relationships between parties.
find out more
Business Purchase Agreement
A legally binding agreement under Pakistani law that documents the terms and conditions for the sale and purchase of a business, including all relevant assets, liabilities, and obligations.
find out more
Bike Sale Agreement
A Pakistani law-governed agreement for the sale and purchase of motorcycles, ensuring legal transfer of ownership and compliance with local regulations.
find out more
Umbrella Agreement
A Pakistani law-governed master agreement establishing framework terms for future specific agreements between parties.
find out more
Master Service Agreement
A Pakistani law-governed framework agreement establishing terms and conditions for ongoing service relationships between parties, with provisions for specific service orders.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)