Maryland Home Improvement PSI Practice Exam

Unlock All Questions

This demo only has 20 questions.

Our premium plan gives you access to hundreds of questions, flashcards, and exam simulations.

Unlock All Questions

Question: 1 / 20

What is a "mechanics lien"?

A legal claim against a property to secure payment for services rendered

A mechanics lien is indeed a legal claim against a property to secure payment for services rendered. It serves as a powerful tool for contractors, subcontractors, and suppliers who have not been paid for their work or materials provided for a construction project. When the lien is filed, it attaches to the property, securing the claimant's financial interest and potentially allowing them to claim a portion of the property’s value if payment is not made.

This mechanism is crucial in the construction and improvement industry, as it helps ensure that those who provide labor and materials are compensated for their contributions. In the event of non-payment, a mechanics lien allows the claimant to seek legal recourse by either securing payment or initiating a foreclosure process to sell the property in question, ultimately ensuring that those owed money are afforded specific rights and protections under the law.

A type of warranty for construction work

A certificate proving completion of work

A formal complaint filed against a contractor

Next Question

Report this question

Download Maryland Home Improvement PSI Practice Exam PDF Study Guide
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy