Deed of Trust

Question: i need to know what this means?

Tenant accepts this Lease subject and subordinate to any mortgage, Deed of Trust or other lien presently existing or hereafter arising upon the Leased Premises, or upon the Building and to any renewals, refinancing and extensions thereof, but Tenant agrees that any such mortgagee shall have the right at any time to subordinate such mortgage, Deed of Trust or other lien to this Lease on such terms and subject to such conditions as such mortgagee may deem appropriate in its discretion. Landlord is hereby irrevocably vested with full power and authority to subordinate this Lease to any mortgage, Deed of Trust or other lien now existing or hereafter placed upon the Leased Premises of the Building.

Answer: It means that the landlord can sell the property (including the lease that you have on it) to someone else even if he or tehy have a mortgage on it.

Selling the property doesn't nullify the lease, ie the new landlord can't dishonour the existing agreement

Killing off old trusts and companies before end of financial year - # 4