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APGO Exam

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Question:

I. A Lien is a claim against the property where work was preformed or material supplied to for improvement to the property 1. Purpose of a lien is to ensure payment for services or products and to enable credit ii. If owner sells property, the new owner inherits the responsibilities of owned liens iii. Until a lien is proven in court, it is only registered and can be removed if lien is paid in full iv. Liens must be registered within a certain period of time upon completion of the prime contract

Author: Exciteful Sparrow



Answer:

What are Construction Liens and aspects of it (4)?


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