What is a construction lien? Think of it as a form of
collateral or leverage.
The NJ Construction Lien Law allows a claimant to create a lien so that payment to the claimant for its outstanding bill is protected. The lien attaches to the interest of the owner in the real property that is being improved as of the date that the lien claim is filed. The lien is equal to the value of the work, services, materials, or equipment furnished at the site for which the claimant has not been paid. If the claimant has not been paid and follows the steps under the NJ Construction Lien Law, the claimant has a lien on the property that secures the claim for monies owed.
*Posting and viewing of the information on this website is not intended to constitute legal advice or create an attorney-client relationship. Read More of the Disclaimer