equitable liens

An equitable lien is a legal right or interest in a property that ensures payment for a debt or obligation, even if the property hasn't been formally pledged as collateral. Unlike a traditional lien, which typically requires a court process or specific documentation, an equitable lien is granted based on fairness and the relationship between parties. For example, if someone does work on a property and hasn't been paid, they might have an equitable lien on that property, allowing them to seek payment through the value of the property itself, ensuring they're treated justly.