Form 15-4

For discussion of this form, see section 15.4:4 in this chapter. See also sections 15.1:4, 15.1:5, 15.3, and 15.4.

Consent and Subordination by Tenant

Notice of confidentiality rights: If you are a natural person, you may remove or strike any or all of the following information from any instrument that transfers an interest in real property before it is filed for record in the public records: your Social Security number or your driver’s license number.

The party signing this Consent and Subordination by Tenant, designated in its signature below as the tenant or lessee (“Tenant” or “Lessee”), is the owner of the leasehold estate under the lease, identified in Exhibit A attached hereto (which together with all renewals, extensions, and modifications thereof is referred to herein as the “Lease”) upon leased prem­ises that includes the property described as the Easement Property in the [insert easement doc­ument title] (the “Easement”), executed by [name of grantor] (“Grantor”) and [name of grantee] (“Easement Holder”) [include if applicable: , recorded at Document No. [number] of the Official Public Records of [county] County].

For a good and valuable consideration, Tenant agrees with Grantor and Easement Holder as follows:

1.Consent.      Tenant consents to the grant of the Easement by Grantor to Easement Holder.

2.Subordination.      Tenant subordinates its leasehold rights to the rights of the Ease­ment Holder under the Easement.

3.Counterparts.      This Consent and Subordination by Tenant may be executed in counterparts.

   
[Name of grantor]

   
[Name of easement holder]

   
[Name of tenant]