Mechanic's lien
Term · Law · MLC-T-LAW-003200
A security interest in real property granted to contractors, subcontractors, and material suppliers who have improved the property but have not been paid for their work or materials. This lien provides a legal claim against the property, allowing the lienholder to potentially force its sale to satisfy the debt. State statutes govern the specific requirements and procedures for filing and enforcing such liens.
| Identifier | MLC-T-LAW-003200 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003200",
"term": "Mechanic's lien",
"field": "Law",
"definition": "A security interest in real property granted to contractors, subcontractors, and material suppliers who have improved the property but have not been paid for their work or materials. This lien provides a legal claim against the property, allowing the lienholder to potentially force its sale to satisfy the debt. State statutes govern the specific requirements and procedures for filing and enforcing such liens.",
"url": "https://mlchart.com/terminology/law/mechanic-s-lien/"
}
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