lien rights

Lien rights refer to a legal right that a person or entity (like a contractor or supplier) has to hold onto a property until they are paid for work done or materials provided. Essentially, if someone doesn’t pay what they owe, the lien allows the creditor to claim a legal interest in the property — such as a home or a piece of land — which can sometimes lead to the property being sold to settle the debt. Lien rights help ensure that those who contribute to a property’s value are compensated for their services or supplies.