What is a landlord’s lien and how does it affect my business?

Commercial leases often include something called a landlord’s lien.  A landlord’s lien is a provision granting landlords a first lien in all of the personal property located on the premises. Do not agree to such a provision, because if your landlord has a lien on all of your assets, your bank cannot, thereby causing you trouble if you attempt to finance or refinance a project.