Examlex
Explain what commissioning of a building is and its purpose.
Homeowner
An individual who owns a residential property where they typically reside, responsible for maintaining the property and fulfilling any related legal obligations.
Lien
A legal right or interest that a lender or creditor has in another's property, guaranteeing the payment of a debt or fulfillment of some obligation.
Priority Lien
refers to a lien that has precedence over other liens or claims on a property or asset, often determined by the order of recording or specific statutory provisions.
Super-Priority Lien
A lien that takes precedence over all existing liens on a property, ensuring that a particular creditor is paid before any others in the event of a default.
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