Landlord Lien Waiver and Collateral Access Agreement
A Standard Document given by a property landlord to a tenant's lender in which the landlord waives its legal and contractual lien rights to a tenant's non-real estate collateral for nonpayment of rent under a written lease. This Standard Document discusses when to use a lien waiver and collateral access agreement and highlights the rights and waivers granted by this agreement. This Standard Document has integrated drafting notes with important explanations and drafting tips for both landlords and lenders.
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