Mechanic's lien

Mechanic's lien

A statutory lien on a specific property for labour or materials contributed to a work of improvement.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
Product:
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Related terms

mechanic's lien

Law; Contracts

Claim on the improved property by the contractor, subcontractors, laborers, and material suppliers for the monies owed to them. In general, a mechanic's lien takes precedence over ...

mechanic's lien

Construction; Plumbing

A lien obtained by an unpaid subcontractor or supplier through the courts. When enforced, real property - such as your home - can be sold to pay the subcontractor or supplier.

mechanics lien

Construction; General

A lien on real property, created by statue in many years, in favor of persons supplying labor or materials for a building or structure, for the value of labor or materials ...

mechanic's lien

Accounting; Tax

A claim in favor of mechanics, contractors, laborers or material suppliers against a building or other structure The lien can only be filed by persons who worked on the building ...

mechanic's lien

Real estate; General

A statutory lien on a specific property for labor or materials contributed to a work of improvement.

mechanic's lien

Real estate; General

A lien created by statute on a specific property for labor or materials contributed to an improvement on that property.

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