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Mechanic's Lien

A legal claim placed on a property by a contractor, subcontractor, or supplier who has not been paid for work performed or materials provided for improvements to that property.

Used in these documents:

Mechanics LienConstruction Contract

Related Terms:

Lien

A legal claim against property as security for a debt or obligation. The property cannot be sold or transferred until the lien is satisfied (paid off). Common types include mortgage liens, tax liens, and mechanic's liens.

Disclaimer

This definition is for informational purposes only and does not constitute legal advice. Consult a licensed attorney for specific guidance.