11.029 Subordinate IRS Lien
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Subordinate IRS Lien
Subordinate Tax Lien: The abstract contains a copy of a tax lien for unpaid income taxes in the amount of $500.00 due from John Q. Owner. This tax lien, which was recorded on January 2, 2008, in Real Property Book 500, page 1, is unreleased of record. Since this lien arose after you obtained your lease from John Q. Owner, it is subordinate to your lease from him.
Requirement: If you obtain any renewal of that lease and any other interest from John Q. Owner, obtain a properly executed and acknowledged cancellation of the tax lien.
Copyright 2011 by Edward G, Hawkins. All rights reserved.