What is a Mechanic's Lien?

A Mechanic’s Lien is a legal tool used in residential real estate law in New York. It is a type of lien (a legal claim on a piece of property) that secures payment of a debt. In New York, the Mechanics Lien Law allows contractors and subcontractors who work on residential projects to secure the payment of any monies owed them by a property owner. This type of lien prevents the property from being sold or refinanced until the debt is paid. This includes contractors, subcontractors, builders, architects, landscape architects, and other entities that perform services related to property improvements. The Mechanics Lien process is begun when a contractor submits a notice of lien to the property owner. If the debt is not paid in full within thirty-five days, the contractor can make legal claims against the property. The lien will remain on the property until payment has been made in full. In New York, Mechanic’s Liens are regulated by the Lien Law, which sets out specific requirements for filing and registering the lien. It is important for property owners to familiarize themselves with these laws and the process of Mechanics Lien in order to protect their property. Property owners should also be aware of the potential legal consequences of failing to pay a Mechanic’s Lien debt in full.

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What is a Mechanic's Lien?

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