The Maryland Agreement of Waiver of Lien of Lessor is a legal document used in the state of Maryland to waive the right of the lessor (the entity or individual leasing a property) to place a lien on the leased property. This agreement is typically utilized in commercial or industrial lease agreements, where the lessor wants to ensure that they relinquish their rights to claim a lien on the property in the event of non-payment or default by the lessee (the entity or individual leasing the property). By signing the Maryland Agreement of Waiver of Lien of Lessor, the lessor acknowledges and agrees that they will not place a lien on the property for any unpaid rent or other charges owed by the lessee. This agreement provides security and peace of mind to both parties involved in the leasing transaction. Types of Maryland Agreement of Waiver of Lien of Lessor: 1. General Maryland Agreement of Waiver of Lien of Lessor: This type of agreement is used in most commercial or industrial lease agreements to waive the right of the lessor to place a lien on the leased property. 2. Limited Maryland Agreement of Waiver of Lien of Lessor: In some cases, the lessor may choose to waive their right to claim a lien on only specific aspects or portions of the leased property, such as improvements or renovations made by the lessee. This type of agreement specifies the limited scope of the waiver. 3. Maryland Agreement of Waiver of Lien of Lessor for Subleases: In sublease scenarios, where the original lessee subleases the property to another party, a separate agreement may be required between the lessor and the sublessee. This agreement grants the sublessee the assurance that the lessor will not place a lien on the property for any unpaid rent or charges owed by either the original lessee or the sublessee. It is important to note that the specific terms and conditions of the Maryland Agreement of Waiver of Lien of Lessor may vary based on the unique requirements and provisions of the lease agreement. It is advisable to consult with a qualified attorney to draft or review this agreement to ensure compliance with Maryland laws and to protect the interests of both parties involved in the lease transaction.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.