Liens & Bonds: It's a Simple Concept
It's a simple concept: the owner of a piece of real property should not be able
to retain the benefits of an improvement without paying for it. Mechanic's lien
laws are the result of a policy intended to protect unpaid contributors to an
improvement of real property against the unjust enrichment of a property owner
The laws also promote other public policies to include the development of
property by providing a vehicle to reduce risk through collateralization. The
various lien laws were designed as enablers, but also recognize the reality of an
industry characterized by independent contractors that contribute to a work of
improvement without having a direct contractual relationship with the owner of
the improvement.
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