Which of the following statements is FALSE concerning Mechanic's Liens?
1) Mechanic's liens are a legal claim against property for unpaid work or materials provided by a contractor or subcontractor.
2) Mechanic's liens can be filed by anyone who has provided labor or materials for a construction project.
3) Mechanic's liens take priority over other liens, such as mortgages or tax liens.
4) Mechanic's liens are only applicable to residential properties.