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LIENS
encumbrance. In this type a specific property
is held as security for the payment of money debt.
Mechanic's lien. A mechanic is anyone high to the work that improved real property. That is anyone who performs labor, services, or furnishes material or equipment and construction project.
This includes contractors, subcontractors, carpenters, plumbers, painters, laborers and so on. The mechanic's must be based on a valid contract, written or verbal.
Notice of nonresponsibility. If a tenant orders work in a property without the landlords approval, a landlord can protect against mechanic's lien resulting from work ordered by a tenant if the landlord files a notice of nonresponsibility.
Tax liens. The purpose of taxation is to provide money to cover government expenses. Tax lien arises when a person does not pay taxes when due. Tax liens may include: unpaid real property taxes, unpaid income taxes, unpaid estate taxes, unpaid gift taxes. |