Common use of PARTIAL LIEN Clause in Contracts

PARTIAL LIEN. If you do not complete the Work by the Completion Date in a good and workmanlike manner, then Lender will have a valid lien for the contract price, less the amount reasonably necessary to complete the Work. As an alternative, ▇▇▇▇▇▇ may choose to complete the Work and the lien will be valid for the contract price.

Appears in 11 contracts

Sources: Texas Home Improvement Mechanic's Lien Contract, Texas Home Improvement Mechanic's Lien Contract for Improvement and Power of Sale, Texas Home Improvement Mechanic's Lien Contract