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Property OwnershipLiensEASY

A mechanic's lien is used to protect:

Correct Answer

D) Contractors, subcontractors, and suppliers who have not been paid for labor or materials provided to improve a property.

In Iowa, a mechanic's lien (also called a construction lien) protects contractors, subcontractors, laborers, and material suppliers who have provided work or materials to improve real property but have not been paid. It attaches to the property and gives these parties a legal claim against it. It does not apply to vehicle repairs, lender loans, or agent commissions.

Answer Options
A
Automobile repair shops seeking payment for vehicle repairs.
B
Real estate agents who have not received their commission.
C
Lenders who have financed the construction of a property.
D
Contractors, subcontractors, and suppliers who have not been paid for labor or materials provided to improve a property.

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Related Topics & Key Terms

Related Topics:

lien-priorityChapter-572constructionIowa-specific

Key Terms:

mechanic's lienunpaid contractors90 daysChapter 572Iowareal property improvementsrelation-back

Related Concepts

A freehold estate represents ownership of real property with an indefinite duration.

Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.

A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.

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