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Lien

A property right which remains attached to an object that has been sold, but not totally paid for, until complete payment has been made.

A property right which remains attached to an object that has been sold, but not totally paid for, until complete payment has been made.

It may involve possession of the object until the debt is paid or it may be registered against the object (especially if the charged object is real property).

Ultimately, a lien can be enforced by a court sale of the property to which it attached and then the debt is paid off from the proceeds of the sale.

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Unless otherwise noted, this article was written by Lloyd Duhaime, Barrister, Solicitor, Attorney and Lawyer (and Notary Public!). It is not intended to be legal advice and you would be foolhardy to rely on it in respect to any specific situation you or an acquaintance may be facing. In addition, the law changes rapidly and sometimes with little notice so from time to time, an article may not be up to date. Therefore, this is merely legal information designed to educate the reader. If you have a real situation, this information will serve as a good springboard to get legal advice from a lawyer.

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