mechanic's lien

mechanic's lien
mechanic's lien see lien

Merriam-Webster’s Dictionary of Law. . 1996.

mechanic's lien
A legal claim placed on real estate by someone who is owed money for labor, services, or supplies contributed to the property for the purpose of improving it. Typical lien claimants are general contractors, subcontractors, and suppliers of building materials. A mechanics' lien claimant can sue to have the real estate sold at auction and recover the debt from the proceeds. Because property with a lien on it cannot be easily sold until the lien is satisfied (paid off), owners have a great incentive to pay their bills.
Category: Personal Finance & Retirement
Category: Real Estate & Rental Property → Homeowners
Category: Real Estate & Rental Property → Selling a House

Nolo’s Plain-English Law Dictionary. . 2009.


mechanic's lien
A charge or claim upon the property of another individual as security for a debt that is created in order to obtain priority of payment of the price or value of work that is performed and materials that are provided in the erection or repair of a building or other structure.

Dictionary from West's Encyclopedia of American Law. 2005.


mechanic's lien
A charge or claim upon the property of another individual as security for a debt that is created in order to obtain priority of payment of the price or value of work that is performed and materials that are provided in the erection or repair of a building or other structure.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

mechanic's lien
n.
   the right of a craftsman, laborer, supplier, architect or other person who has worked upon improvements or delivered materials to a particular parcel of real estate (either as an employee of the owner or as a sub-contractor to a general contractor) to place a lien on that real property for the value of the services and/or materials if not paid. Numerous other technical laws surround mechanic's liens, including requirements of prompt written notice to the owner of the property (even before the general contractor has been tardy in making payment), limits on the amount collectable in some states, and various time limitations to enforce the lien. Ultimate, last-resort enforcement of the mechanic's lien is accomplished by filing a lawsuit to foreclose the lien and have the property sold in order to be paid. Property owners should make sure that their general contractors pay their employees or subcontractors to avoid a mechanic's lien, since the owner could be forced to pay the debts of a general contractor even though the owner has already paid the contractor. If the worker or supplier does not sue to enforce the mechanic's lien, he/she may still sue for the debt.
   See also: lien

Law dictionary. . 2013.

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Look at other dictionaries:

  • mechanic's lien — A claim, created by state law, granted to suppliers of labor and/or material to building projects, to secure priority of payment of the price of work performed or materials supplied in erecting, constructing, altering, or repairing a building or… …   Glossary of Bankruptcy

  • mechanic's lien — ☆ mechanic s lien n. a lien on a building or other property given by statute to those who perform work or furnish materials in the improvement of that property …   English World dictionary

  • mechanic’s lien — A claim, created by state law, granted to suppliers of labor and/or material to building projects, to secure priority of payment of the price of work performed or materials supplied in erecting, constructing, altering, or repairing a building or… …   Glossary of Bankruptcy

  • Mechanic's lien — A mechanic s lien is a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property. The lien exists for both real property and personal property. In the realm of real property …   Wikipedia

  • Mechanic's Lien — A guarantee of payment to builders, contracters and construction firms that build or repair structures. Mechanic s liens also extend to suppliers of materials and subcontractors and cover building repairs as well. The lien ensures that the… …   Investment dictionary

  • mechanic's lien — noun lien to secure payment for work and materials in erecting or repairing a building or other structure • Hypernyms: ↑lien • Hyponyms: ↑garageman s lien * * * noun : a lien against a building and its site to assure payment for construction work …   Useful english dictionary

  • mechanic's lien — A lien against real property created under state laws that give a person who makes repairs or improvements to real estate the right to place a lien against the property if that person is not paid. American Banker Glossary …   Financial and business terms

  • mechanic's lien — A claim created by state statutes for the purpose of securing priority of payment of the price or value of work performed and materials furnished in erecting, improving, or repairing a building or other structure, and as such attaches to the land …   Black's law dictionary

  • mechanic's lien — A claim created by state statutes for the purpose of securing priority of payment of the price or value of work performed and materials furnished in erecting, improving, or repairing a building or other structure, and as such attaches to the land …   Black's law dictionary

  • mechanic's lien — a lien secured on property, as an automobile, building, or the like, by the contractor who has repaired or built it, in order to ensure payment for labor and materials. * * * …   Universalium

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