Welcome - If you are a secured lender, such as a bank; a borrower, looking to borrow from a secured lender; or an attorney facilitating a transaction, than you're here because you're looking for access and protection. Secured lenders loan against a borrower's assets, also called collateral. Collateral can take the form of money in a bank account, A/R, or valuable items held within a leased location.

The issue that arises with colatteral being held in a leased location, is that in some states, a landlord has an automatic statutory lien on the items in the landlords possession (in the leased location). This means, that if an event of default occured, and a borrower/leasor could no longer make payments, the landlord would have first priority access to the items in the leased location, which said landlord could use to make himself whole (sell off the items of value to pay for the unpaid rent). This poses an issue to a secured lender because in an event of default, a secured lender wants to have a first priority lien on all of the borrower's assets, including the items in the leased location.

This problem is resolved by a landlord waiver. A landlord waiver is a document that is signed by the secured lender, the landlord, and the borrower which waives the landlord's statutory lien on the property, in favor of the secured lender's lien. To find out if you require a landlord waiver, and would like to have one created for you, than you're in the right place. Please continue!