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landlord's lien |
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landlord's lien n. the right of a landlord to sell abandoned personal property left on rented or leased premises by a former tenant to cover unpaid rent or damages to the property. However, to exercise this lien the landlord must carefully follow procedures which differ in each state, but generally require written notice to the ex-tenant and a public sale. |
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The owner of Howard and Phil's Western Wear has filed for bankruptcy protection as plummeting sales and a landlord's lien against its assets were threatening the company. |
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