Mechanic's Lien
Mechanic's lien definition. Understand the legal right of contractors and subs to secure payment through a claim against a property.
Calculation Formula
Lien Amount = Unpaid Contract Sum + Legal Fees + Interest Mechanic's lien definition. Understand the legal right of contractors and subs to secure payment through a claim against a property.
Lien Amount = Unpaid Contract Sum + Legal Fees + Interest