Assertion: tenant | /r/HasProperty | junior
Facets:
value: to the lender
type: OTHER
value: always
type: DEGREE
Source sentences:
text: And the tenant is always junior to the lender, either because the lender’s deed of trust was recorded before the lease was signed or because the lease states that, even if the lease is signed before the deed of trust, the tenant agrees that the lease is subordinate (junior) to any existing or future deed of trust on the property.
text: Because the tenant is junior to the lender, if the lender forecloses on the building, the lender or other purchaser at the foreclosure sale has a right to terminate the lease.