Escrow & Title
In Kansas, a subordination agreement allows:
AA junior lien to become senior to an existing first mortgage
BA senior lienholder to voluntarily move their lien to a lower priority position✓ Correct
CA tenant to subordinate their lease to a mortgage
DA buyer to reduce the purchase price at closing
Explanation
A subordination agreement is a written agreement by which a lienholder agrees to lower the priority of their lien to a position junior to another lien.
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