alienation clause

noun

  • Real Estate Law
  • Property Law

Definitions of alienation clause

  • a provision in a legal document under which a mortgage creditor must be repaid immediately if the owner of the mortgaged property transfers ownership rights or sells an asset used as collateral

    The deed shall include an alienation clause prohibiting the Company from disposing of the Property without the consent of the Estate Agent.

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Phrase Bank for alienation clause