Lien On Construction Project
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FAQ
Property Tax Liens On January 1 of each year, a lien is attached to all Texas properties that still have outstanding property tax balances. The lien will be extinguished once the outstanding balance (including all penalties and interest) has been paid in full.
A contractor or subcontractor can file a construction lien against a property if the owner has not paid for work done on it. A lien makes it difficult or impossible to sell or refinance a property.
A contractor's lien (often known as a mechanic's lien, or a construction lien) is a claim made by contractors or subcontractors who have performed work on a property, and have not yet been paid.
In the construction industry a mechanics lien (also known as a construction lien or contractors lien) happens when a contractor performs work that will permanently improve a property, but does not receive payment for the completed work.
In addition to a statutory Lien, the TEXAS CONSTITUTION, ARTICLE XVI, SECTION 37, provides certain Original Contractors (those who have a direct contract with the Property Owner or the Owner's Agent) with a second basis for a Lien, known as a ?constitutional Lien.? Unlike a statutory Lien (which must be filed within a ...
