Maritime liens, imposed on ships by admiralty law.Judgment liens, imposed to secure payment of a judgment and.Mechanic's liens, which secure payment for work done on property or land.Attorney's liens, against funds and documents to secure payment of fees.Homeowner Association (HOA) liens for unpaid assessments, fines, late charges, interest, costs, and attorney fees.'Weed liens' and 'Demolition liens', assessed by the government to rectify a property from being a nuisance and public hazard.Tax liens, imposed to secure payment of a tax.Those laws give a creditor the right to impose a lien on an item of real property or a chattel by the existence of the relationship of creditor and debtor. Nonconsensual liens typically arise by statute or by the operation of the common law. Consensual liens are imposed by a contract between the creditor and the debtor: Liens can be consensual or non-consensual (also termed voluntary or involuntary in different states).

2.3 Statutory liens and contractual liens.However, common-law countries also recognize a slightly anomalous form of security interest called an 'equitable lien' which arises in certain rare instances.ĭespite their differences in terminology and application, there are a number of similarities between liens in the US and elsewhere in the common-law world. In contrast to the usage of the term in the US, in other countries it refers to a purely possessory form of security interest indeed, when possession of the property is lost, the lien is released. In other common-law countries, the term lien refers to a very specific type of security interest, being a passive right to retain (but not sell) property until the debt or other obligation is discharged. In the US, a lien characteristically refers to nonpossessory security interests (see generally: Security interest-categories). In the United States, the term lien generally refers to a wide range of encumbrances and would include other forms of mortgage or charge. The etymological root is Anglo-French lien, loyen 'bond', 'restraint', from Latin ligamen, from ligare 'to bind'. The owner of the property, who grants the lien, is referred to as the lienee and the person who has the benefit of the lien is referred to as the lienor or lien holder. Property lawĪ lien ( / ˈ l iː n/ or / ˈ l iː ən/) is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. For other uses, see Lien (disambiguation).

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