Equipment lean on Solar Panels

[Anthony Ramirez]

What does an equipment lien on solar panels mean for your house? 

- Can your house be taken away? 

- Can you remove an equipment lien? 

- Pros/ Cons 

[Jason Lee]

Quote from @Anthony Ramirez:

What does an equipment lien on solar panels mean for your house? 

- Can your house be taken away? 

- Can you remove an equipment lien? 

- Pros/ Cons 

These can be pretty nasty, it’s goes away if you pay it off/settle. Equipment Lien means any security interest, financing lease, personal property lien, conditional sales agreement, chattel mortgage, security agreement, title retention arrangementor any similar arrangement (including any related financing statement) for Tenant’s acquisition or leasing of any Financed FF&E used in the Premises that is leased, purchased under conditional sale or installment sale arrangements, encumbered by a security interest, or used under a license, provided thateach Equipment Lien encumbers or otherwise relates only to the Financed FF&E for which such secured party provides bona fide purchase-money financing or a bona fide equipment lease, after the Commencement Date. A Leasehold Mortgage is not an Equipment Lien.

Best to get rid of these ASAP or get on the phone with your attorney. Good luck friend!