Lis Pendens (Notice of Pendency)
A lis pendens is a recorded notice that litigation is pending which may affect title to, or possession of, real property. Its practical effect is to give notice to potential purchasers and lenders that a property is the subject of a lawsuit, which can impair transfer and financing during the case.
- Where it applies
- New York State
- When it comes up
- Due Diligence
- Property types
- Residential, Commercial (Retail/Office/Industrial), Mixed-Use
Read more in the Knowledge Base
- Seller-Side Title Curative Actions - Clearing Liens, Judgments, and EncumbrancesSellers
- Information Asymmetry - Identifying Market Signals in Opaque Building DataBuyers
- Negotiation Leverage in NYC - Reading the Seller's SituationBuyers
- The Psychology of the Seller - What Motivates ConcessionsBuyers
Related terms
Core Real Estate Fundamentals
- ACRIS (Automated City Register Information System)
- Bargain and Sale Deed with Covenants
- Contract of Sale
- Lien
- Survey (ALTA/NSPS Survey)
- Title Search
General information, not legal, tax or financial advice.