# Equitable Lien Agreement
**This Equitable Lien Agreement ("Agreement") is made and entered into as of [Date], by and between:**
**1. Lienor:**
**Name:** [Lienor’s Full Name]
**Address:** [Lienor’s Address]
**Contact Number:** [Lienor’s Phone Number]
**Email:** [Lienor’s Email Address]
**2. Lienee:**
**Name:** [Lienee’s Full Name]
**Address:** [Lienee’s Address]
**Contact Number:** [Lienee’s Phone Number]
**Email:** [Lienee’s Email Address]
**WHEREAS**, the Lienor is owed a certain obligation from the Lienee, which is the sum of [Amount] (the "Obligation");
**WHEREAS**, the parties wish to establish an equitable lien on certain property to secure the payment of the Obligation;
**NOW, THEREFORE**, in consideration of the mutual covenants contained herein, the parties agree as follows:
## 1. Grant of Equitable Lien
The Lienee hereby grants to the Lienor an equitable lien on the following property (the "Property") to secure the timely payment of the Obligation:
- **Description of Property:** [Detailed Description of the Property]
- **Location:** [Physical Address or Location of the Property]
## 2. Conditions of Lien
The equitable lien herein granted shall be subject to the following conditions:
- **Payment Obligation:** The Lienee shall make full payment of the Obligation to the Lienor by [Payment Due Date].
- **Maintenance of Property:** The Lienee shall maintain the Property in good condition and shall not allow any deterioration or waste of the Property.
- **Insurance:** The Lienee must maintain adequate insurance on the Property, naming the Lienor as an additional insured.
## 3. Rights of Lienor
In the event of default by the Lienee in the payment of the Obligation, the Lienor shall have the right to:
- Enforce the equitable lien against the Property;
- Take all necessary actions to protect the lien rights under law;
- Recover all reasonable costs and attorney fees incurred in relation to the enforcement of this Agreement.
## 4. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State Name].
## 5. Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, discussions, or agreements, whether written or oral.
## 6. Amendments
Any amendments or modifications to this Agreement must be in writing and executed by both parties.
## 7. Severability
If any provision of this Agreement is found to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary so that the remaining provisions shall remain in full force and effect.
## IN WITNESS WHEREOF, the parties have executed this Equitable Lien Agreement as of the date first above written.
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**LIENOR:**
____________________________
[Signer’s Name]
**Date:** ________________
**LIENEE:**
____________________________
[Signer’s Name]
**Date:** ________________
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### Notary Public (if required)
State of ____________
County of ___________
Subscribed and sworn before me on this ______ day of ____________, 20__.
____________________________
Notary Public
My Commission Expires: ________________
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**End of Document**
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**Note:** This template is for informational purposes only and may not cover specific legal requirements. It is advisable to consult with a legal professional for tailored legal counsel.