New Jersey Statutes 2A:44-166. Right of lien for unpaid rent; priority
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 2A:44-166
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A rentor shall be entitled to a lien on machinery and other chattels to the extent of the rentee’s interest therein for the amount of unpaid rent, from the date the rent is unpaid.
Such lien hereby created shall have priority and be paramount to any title, lien, interest, mortgage, judgment or other encumbrance created or acquired after machinery or other chattels are placed in the premises. Such priority shall extend only to the amount of unpaid rent for not more than 6 months.
L.1951 (1st SS), c.344.