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

A lien is a legal claim on a property that provides a creditor with a security interest in the property until a debt is paid. In Pennsylvania, there are a few types of liens that can be attached to commercial real estate properties. First is a voluntary lien, which is a lien placed on a property with the agreement of the mortgagor. A voluntary lien is often created through a mortgage agreement, so the mortgagor may obtain financing for the property. Next is a mechanic’s lien, a lien placed on commercial real estate if a contractor performing work on the property is not paid for their services. A mechanic’s lien is enforced until the debt owed to the contractor is paid in full. Tax liens are also a type of lien that can be placed on commercial real estate. These liens are enacted when a property owner has failed to pay property taxes. The lien remains in place until the taxes are paid. Finally, a judgment lien is a lien placed on the commercial real estate property of a debtor who has been ordered to pay a creditor a certain amount of money. This lien can be enforced until the debt is paid in full. It is important to note that any of these liens can affect the commercial real estate property and, thus, it is important to be aware of any liens that may be attached to the property.

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

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