Your Lease Gives You a Security Interest in the Tenant’s Property. Is That Enough?

Commercial leases often grant the landlord a security interest in the tenant’s furniture, equipment, inventory, trade fixtures, and other personal property at the premises. A common, but consequential, misconception is that such language alone gives the landlord a perfected lien and an immediate, superior right to take the property after a tenant default.... By: Arnall Golden Gregory LLP