For more information, visit: [ Ссылка ] A contractor’s lien is a statutory right that allows a person or company to file a lien against a piece of property to protect a contractor’s right to receive payment for services or materials provided. When a contractor files a lien, it creates a security interest against the property. The security interest prevents the property owner from selling the property unless the debt to the contractor is satisfied. If the property owner fails to pay the debt, the contractor may initiate foreclosure proceedings on the property to obtain payment for services or materials provided.
