Question

Following the completion of a contract for construction or other improvements to a property, a contractor has the right to establish a lien on a property as protection against the case that a property owner defaults on the construction contract. This lien is more commonly referred to as a(n):

Answer 1

The lien that give contractor the right to establish a lien on a property as protection against the case is known as mechanic's lien.

What is a Mechanic's lien?

A mechanic's lien refers to a type of lien that shields contractors from the danger of not paying by the owner for administrations delivered.

This lien ensures that installment to builders, contractors, or development firms that construct structures engaged with a development project in case of a liquidation.

In conclusion, the lien that give contractor the right to establish a lien on a property as protection against the case is known as mechanic's lien.

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