Property OwnershipIntermediateColorado Exam

In Colorado, a 'mechanic's lien' priority date typically relates back to:

AThe date the contractor files the lien, under standard practice

BThe date construction or improvements began on the propertyCorrect

CThe date the final invoice was issued

DThe date the property was last sold

Why The date construction or improvements began on the property Is Correct

Answer B: The date construction or improvements began on the property

In Colorado, a mechanic's lien typically relates back in priority to the date visible construction commenced (not the filing date). This can give mechanic's liens priority over later-recorded mortgages, which is why lenders require lien waivers.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.