In the context of construction, a lien refers to a legal claim placed on a property by a contractor, subcontractor, or supplier who has not been paid for work performed or materials provided. This type of lien allows the unpaid party to seek payment by placing a hold on the property until the debt is resolved. Lien laws vary by state, but typically require the party seeking payment to follow specific procedures, such as filing a notice of intent to lien or a mechanics' lien, within a certain timeframe.Construction liens are an important tool for contractors and suppliers to ensure they are compensated for their work and materials on a project. By filing a lien, the unpaid party can protect their rights and potentially force the property owner to settle the debt in order
What is Lien?
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