Mechanics Lien Flashcards

1
Q

A mechanic’s lien is

A

a statutory lein that arises in favor of those who supply labor and as part of a project add value to property

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Procedure for Mechanics Lien

A

File with Clerk of Court in the county where the property is located within 90 days of the end of the month during which work was last preformed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Mechanics’s liens have priority over

A

Any prior interest in the structure

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Remedy for Mechanic’s lien

A

Holder can demand payment or sell property at public s

How well did you know this?
1
Not at all
2
3
4
5
Perfectly