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, it is called by various names, including, generically, construction lien. It is also called a materialman's lien or supplier's lien when referring to those supplying materials, a laborer's lien when referring to those supplying labor, and a design professional's lien when referring to architects or designers who contribute to a work of improvement. In the realm of personal property, it is also called an artisan's lien. The term "lien" comes from a French root, with a meaning similar to link; it is related to "liaison." Mechanic's liens on property in the United States date from the 18th century.
Read more about Mechanic's Lien: History and Reasons For Existence, Vehicular Definition of A Lien Sale, Creation, Creation and Enforcement - Personal Property, Creation, Perfection, Priority and Enforcement - Real Property, Protecting Real Property From Burdens Imposed By A Mechanic's Lien, Mechanic's Liens Outside The United States
Famous quotes containing the word mechanic:
“Writing, madam, s a mechanic part of wit! A gentleman should never go beyond a song or a billet.”
—George Etherege (16351691)