{"id":2306,"date":"2022-03-15T04:46:49","date_gmt":"2022-03-15T04:46:49","guid":{"rendered":"https:\/\/crestnetwork.com\/?p=2306"},"modified":"2022-03-15T04:46:52","modified_gmt":"2022-03-15T04:46:52","slug":"the-differences-between-a-contractual-lien-and-a-statutory-lien","status":"publish","type":"post","link":"https:\/\/crestnetwork.com\/the-differences-between-a-contractual-lien-and-a-statutory-lien\/","title":{"rendered":"The Differences Between a Contractual Lien and a Statutory Lien"},"content":{"rendered":"\n
\u201cA promise must never be broken\u201d<\/em> <\/p>\n\n\n\n When a landlord signs a commercial lease, it expects the tenant to keep its promise: pay the rent – on time and in full. As we know, it\u2019s never that easy. When tenants break this promise, landlords and property managers have to scramble to recover their losses. Often, the security deposit is not enough to cover the amount owed, and if the tenant is destitute, then lawsuits are fruitless. Another option is to go after the tenant\u2019s personal property in the premises. If it has any value, a landlord may use it for a replacement tenant or sell it. However, the landlord must first determine if it has a valid first lien on any of the tenant\u2019s personal property in the premises. There are two kinds of liens available to a commercial landlord: a contractual lien and a statutory lien per the Texas Property Code<\/strong>. This article will discuss how to perfect a contractual lien, the differences between the two liens and typical issues related to landlord\u2019s liens.<\/p>\n\n\n\n
\u2013 Alexander Hamilton<\/p>\n\n\n\n