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mechanic's lien

Hebrew translation: זכות עכבון קבלן/בעל מקצוע

06:36 Sep 28, 2013
English to Hebrew translations [PRO]
Patents / Selling
English term or phrase: mechanic's lien
? זכות עיקול של המכונאי
!תודה מראש
Gad Kohenov
Israel
Local time: 15:06
Hebrew translation:זכות עכבון קבלן/בעל מקצוע
Explanation:
.אולי זאת הכוונה
Selected response from:

Lingopro
Israel
Local time: 15:06
Grading comment
זכות עיכבון

What is a Mechanics Lien?A mechanics lien is a "hold" against your property, filed by an unpaid contractor, subcontractor, laborer, or material supplier, and is recorded with the county recorder's office. If unpaid, it allows a foreclosure action, forcing the sale of the property in lieu of compensation.

A lien can result when the prime contractor (referred to as a "direct contractor" in mechanics lien revision statutes, effective July 1, 2012) has not paid subcontractors, laborers, or suppliers. Legally, the homeowner is ultimately responsible for payment — even if they already have paid the direct contractor.


4 KudoZ points were awarded for this answer



Summary of answers provided
4זכות עכבון קבלן/בעל מקצוע
Lingopro


Discussion entries: 3





  

Answers


6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
זכות עכבון קבלן/בעל מקצוע


Explanation:
.אולי זאת הכוונה


    Reference: http://www.fridman-adv.com/lawyer107865.html
    Reference: http://www.investopedia.com/terms/m/mechanics-lien.asp
Lingopro
Israel
Local time: 15:06
Native speaker of: Native in EnglishEnglish, Native in HebrewHebrew
PRO pts in category: 4
Grading comment
זכות עיכבון

What is a Mechanics Lien?A mechanics lien is a "hold" against your property, filed by an unpaid contractor, subcontractor, laborer, or material supplier, and is recorded with the county recorder's office. If unpaid, it allows a foreclosure action, forcing the sale of the property in lieu of compensation.

A lien can result when the prime contractor (referred to as a "direct contractor" in mechanics lien revision statutes, effective July 1, 2012) has not paid subcontractors, laborers, or suppliers. Legally, the homeowner is ultimately responsible for payment — even if they already have paid the direct contractor.

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