Nachgangserklärung

12:20 Nov 8, 2019
German to English translations [PRO]
Law/Patents - Law: Contract(s)
German term or phrase: Nachgangserklärung
... darf Eintraege aller Art abaendern, loeschen lassen (Nachgangserklärungen, Pfandentlassungen, usw)
Jeff Steffin
Local time: 14:15


Summary of answers provided
5 +1Deed of Postponement
Andrea Van Geffen Matthews, MCIL
3(banking) subordination agreement; (land reg.) notice postponing priority
Adrian MM.
Summary of reference entries provided
Nachgangserklärung = Rangrücktrittserklärung
Steffen Walter

  

Answers


1 day 37 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
(CH) Nachgangserklärung
(banking) subordination agreement; (land reg.) notice postponing priority


Explanation:
We, again, may still need a token translation, as - for instance - subordination agreements, in the UK at least, are not used in land registration.


Example sentence(s):
  • A subordination agreement is a legal document used to make the claim of one party junior to (or inferior to) a claim in favor of another.
  • UK Land Registry: a notice will only ensure that the priority of the interest protected will not be automatically postponed on the registration of a subsequent registrable disposition for value, if the interest is valid.

    Reference: http://en.wikipedia.org/wiki/Subordination_agreement
Adrian MM.
United Kingdom
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12
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11 days   confidence: Answerer confidence 5/5 peer agreement (net): +1
Deed of Postponement


Explanation:
In the UK, the term used in the Land Registry is Deed of Postponement.

Deed Of Postponement
A Deed Of Postponement is used when there is a second registered charge on the property, such as a secured loan. The Deed of Postponement is used to ‘postpone’ the 2nd charge, meaning the new charge (the mortgage you are in the process of setting up) has priority and will become first charge registered at Land Registry and the second charge will remain as it is – a second charge.

Another option "Deed of Priority" is synonymous with Deed of Postponement



    https://www.gplawyers.co.uk/knowledge-base/glossary/page/4/
Andrea Van Geffen Matthews, MCIL
United Kingdom
Local time: 21:15
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  Barbara Schmidt: agree
9 days
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Reference comments


7 mins peer agreement (net): +1
Reference: Nachgangserklärung = Rangrücktrittserklärung

Reference information:
A "Nachgangserklärung" is the Swiss equivalent of a "Rangrücktrittserklärung" - this seems to refer to a land/real estate context.

See https://www.jgk.be.ch/jgk/de/index/direktion/organisation/gb...

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Note added at 10 mins (2019-11-08 12:31:28 GMT)
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See also
https://www.proz.com/kudoz/german-to-english/real-estate/822...
https://www.proz.com/kudoz/german-to-english/law-contracts/1...

Steffen Walter
Germany
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 668

Peer comments on this reference comment (and responses from the reference poster)
agree  writeaway
39 mins
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