Mechanics 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. First introduced to the United States by Thomas Jefferson and James Madison, contractors and suppliers frequently use this device to get paid or secure a contract. Requirements are technical and complex, thus typically requiring software or great discipline to manage. Get more information on these documents, including forms and state-by-state summaries, here: Mechanics Lien.