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Deed of Priority (Land)
02 Apr 2008
These documents regulate priority between land mortgages.
The following deeds allow secured parties to:
• Limit each party's priority to a respective maximum priority amount for fluctuating advances.
• The PPSA Deeds also subordinate each parties security interest (e.g. from first to second, or vice versa).Deed of Subordination and Priority (PPSA/Combined PPSA and Non-PPSA)
01 Apr 2008
These documents may be used for PPSA property only, or where parties each have security over property governed by the PPSA and security over Land.
The second document (One Secured Amount Three Secured Parties) has one combined First Security Amount for the PPSA collateral and the Land. For the Land to have a separate priority amount to the PPSA property, the Deed (First Secured Party Secured Amounts in Two Parts) must be used, or a separate Land Deed completed.
Download (for Combined Deed - One Secured Amount)Download (for Combined Deed - One Secured Amount Three Secured Parties)Download (for Combined Deed - First Secured Party Secured Amounts in Two Parts)
