contractor's lien

contractor's lien
A lien which arises by operation of law, independently of the express terms of any contract, which a contractor has upon the premises upon which he has erected improvements. This lien springs out of the obligation of the owner to pay for the stipulated labor and the promised materials, when furnished, provided the contractor shall give the notice required by statute. Richmond & Irvine Constr. Co. v Richmond, N. I. & B. Railroad Co. (CA6 Ky) 68 F 105. See mechanic's lien.

Ballentine's law dictionary. . 1998.

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  • contractor — con·trac·tor / kän ˌtrak tər, kən trak / n: one that contracts: as a: one that contracts to perform work or provide supplies b: one that contracts to erect buildings Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… …   Law dictionary

  • contractor — Literally, a person who has assumed obligations as a party to a contract, but in common usage, a person who pursues an occupation or business, wherein he contracts to render services for others, including public bodies, in building, painting,… …   Ballentine's law dictionary

  • lien — /liy(a)n/ A claim, encumbrance, or charge on property for payment of some debt, obligation or duty. Sullins v. Sullins, 65 Wash.2d 283, 396 P.2d 886, 888. Qualified right of property which a creditor has in or over specific property of his debtor …   Black's law dictionary

  • lien — /liy(a)n/ A claim, encumbrance, or charge on property for payment of some debt, obligation or duty. Sullins v. Sullins, 65 Wash.2d 283, 396 P.2d 886, 888. Qualified right of property which a creditor has in or over specific property of his debtor …   Black's law dictionary

  • contractor —    Commonly, a person or entity that agrees to construct a building or to provide or install part of a construction. The person responsible for the overall job is a general contractor, and those hired to construct or install certain parts (e.g.,… …   Business law dictionary

  • Lien waiver — In the mechanics lien process, a lien waiver is a document from a contractor, subcontractor, materialmen, equipment lessor or other party to the construction project stating they have received payment and waive any future lien rights to the… …   Wikipedia

  • Lien Waiver — A document from a contractor, subcontractor, supplier or other party holding a mechanic s lien stating that they have been paid in full and waiving future lien rights to the disputed property. Generally, there are four types of lien waivers: An… …   Investment dictionary

  • lien —    A legal claim by a creditor against property that arises from some obligation of the property owner, usually a debt. Security interests are liens that an individual agrees to (e.g., mortgages, home and car loans, and personal loans for which… …   Business law dictionary

  • Mechanic's lien — A mechanic s lien is a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property. The lien exists for both real property and personal property. In the realm of real property …   Wikipedia

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