California Civil Code 800.50 – The management shall not acquire a lien or security interest, other …
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The management shall not acquire a lien or security interest, other than an interest arising by reason of process issued to enforce a judgment of any court, in a floating home located in the floating home marina unless it is mutually agreed upon by both the homeowner and management. Any billing and payment upon the obligation shall be kept separate from current rent.
(Added by Stats. 1990, Ch. 1505, Sec. 1.)
Terms Used In California Civil Code 800.50
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.