Puerto Rico Agreement of Waiver of Lien of Lessor

State:
Multi-State
Control #:
US-1340723BG
Format:
Word; 
Rich Text
Instant download

Description

In the context of a financing, the waiver of a landlord's lien rights to its tenant's personal property that is located at the leased premises.
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FAQ

A Lessor's lien is a legal right that allows a landlord to hold a tenant's personal property until unpaid rent is settled. Under the Puerto Rico Agreement of Waiver of Lien of Lessor, this lien may be explicitly addressed to protect the landlord's interests. Essentially, it ensures that landlords have a form of security to recover lost rental income.

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Puerto Rico Agreement of Waiver of Lien of Lessor