Tennessee Landlord's Waiver - needed to mortgage equipment in leased premises

State:
Multi-State
Control #:
US-01625
Format:
Word; 
Rich Text
Instant download

Description

This form is for a landlord to waive lien rights against furniture, equipment and other personal property for the benefit of a lender who finances the property for the lessee.
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FAQ

An agreement between a landlord and a receivables financier in which the landlord agrees to waive its rights to exercise distraint over a client's assets to meet sums due to the landlord, usually unpaid rent.

Tennessee Code § 66-28-505 (2021) - Noncompliance by Tenant ? Failure to Pay Rent :: 2021 Tennessee Code :: US Codes and Statutes :: US Law :: Justia.

Tenants in Tennessee have the legal right to live in a habitable unit that complies with fair housing regulations. Additionally, they have the right not to be discriminated against for any reason.

(c) If the tenant abandons the dwelling unit, the landlord shall use reasonable efforts to rerent the dwelling unit at a fair rental. If the landlord rents the dwelling unit for a term beginning prior to the expiration of the rental agreement, the rental agreement is terminated as of the date of the new tenancy.

Waiver of Landlord's Right to Terminate. If the landlord accepts rent without reservation and with knowledge of a tenant default, the landlord by such acceptance condones the default and thereby waives such landlord's right and is estopped from terminating the rental agreement as to that breach.

Should a landlord willfully provide a rental agreement containing provisions known by the landlord to be prohibited by this chapter, the tenant may recover actual damages sustained. The tenant cannot agree to waive or forego rights or remedies under this chapter.

If substantially the same act or omission which constituted a prior noncompliance of which notice was given recurs within six (6) months, the landlord may terminate the rental agreement upon at least seven (7) days' written notice specifying the breach and the date of termination of the rental agreement.

You cannot be evicted without notice. The landlord cannot change the locks or shut off your utilities to make you leave. Most of the time, a landlord needs to go to court before evicting you.

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Tennessee Landlord's Waiver - needed to mortgage equipment in leased premises