Common use of Vendor’s Lien Clause in Contracts

Vendor’s Lien. The Purchaser agrees that the Vendor shall have a Vendor’s Lien for unpaid purchase monies on the Title Transfer Date and shall be entitled to register a Notice of Vendor’s Lien against the Unit any time after the Title Transfer Date.

Appears in 2 contracts

Sources: Agreement of Purchase and Sale, Agreement of Purchase and Sale