A mechanic’s lien is security interest in the title to property for the benefit of a contractor or supplier who has provided labor or materials that improve the property. A lien to the property can apply to both real property (the building) and personal property (data, telephone system & furniture). One example of a lien routinely encountered by commercial property owners is a lender’s (financial institution) lien on a tenant’s property within in their leased premises.
Project Management – Mechanic’s Lien Waiver & Release Administration