Most Popular Types of Liens
A lien is a protection for a creditor that gives them the right to take control of property of a debtor if the debt is not paid. Liens are common, found in situations such as borrowing money from a bank for a car, in which case the bank would have a lien on the car until the loan is repaid.
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A lien is a protection for a creditor that gives them the right to take control of property of a debtor if the debt is not paid. Liens are common, found in situations such as borrowing money from a bank for a car, in which case the bank would have a lien on the car until the loan is repaid. There are many situations in which a lien would come into play. The following is a list of common statutory liens.
- Architect’s lien
This is a lien on real property in favor of the architect who drew the plans and supervised the construction to insure payment of his or her fee.
- Artisan/laborer’s lien
This is a lien in favor of a person who is provided personal services that enhanced the value of an article of personal property at the request of the owner. The person has a lien on the article while it’s in his or her possession and may retain possession until paid for services.
- Carrier’s lien
This lien ensures that a carrier has a right to hold cargo until payment is made for transporting it.
- Garageman’s lien
This is a lien in favor of a mechanic and against a motor vehicle, where the mechanic provided services to the motor vehicle at the request of the owner.
- Judgment lien
This is a lien in favor of the holder of a judgment against property, both real and personal, belonging to the judgment debtor.
- Landlord lien
When provided for in a lease, this is a lien in favor of the landlord and against the personal property of the tenant located within the demised premises, as security for the payment of rent.
- Maritime lien
This lien is a claim on a vessel for some service rendered to it to facilitate its use in navigation.
- Mechanic’s lien
This is a lien in favor of workers and materialmen for the value of work performed and materials furnished to construct or repair a structure. The lien attaches to the real property upon which the structure is located. Materialmen refers to persons or entities who have furnished materials (building supplies) that were incorporated into a project but who did not perform any labor on site. A mechanic’s lien can be filed to protect those who supplied materials and/or those who supplied labor.
- Tax lien
This is a lien in favor of a taxing authority for payment of taxes.
- Warehouseman’s lien
This lien provides for the right of a warehouse to retain possession of goods until storage charges have been paid.
Source: Since its founding in 1856, Harris Beach has grown to be among the country’s top law firms, as ranked by The National Law Journal. Visit www.harrisbeach.com.