What types of liens are attached to commercial real estate properties?

Liens are legal claims attached to a property that must be paid to the lienholder before the property can be sold or transferred. In Florida, commercial real estate properties can be subject to several different types of liens. The most common type is a mortgage lien, which is a loan taken out against the property and the unpaid balance must be paid before the property can be transferred. A judgment lien is filed by a court when someone wins a judgment against the property owner in a civil lawsuit and the judgment must be paid before the property can be transferred. A voluntary lien is similar to a mortgage, but is usually taken out for smaller sums of money and is not secured by a loan. An IRS lien is attached when a property owner fails to pay taxes and the balance must be paid to the government before the property can be transferred. Finally, a mechanic’s lien is a legal claim against the property when a contractor or supplier has not been paid for services rendered. This lien must be paid off before the property can be transferred. Liens can also be attached to commercial properties for other reasons, such as failure to pay child support or alimony, failure to pay fines or fees, and violations of zoning ordinances. It’s important to be aware of any liens that might be attached to commercial real estate properties when considering purchasing or transferring them.

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What types of liens are attached to commercial real estate properties?

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