A mechanic's lien in North Carolina is a type of:
Why Involuntary specific lien against real property Is Correct
Answer B: Involuntary specific lien against real property
In North Carolina, a person who furnishes labor, design or surveying services, materials or rental equipment under a contract with the owner for an improvement to real property has a right to file a claim of lien on that property to secure payment. The lien arises from the statute when the claimant is unpaid, not because the owner chose to pledge the property, so it is involuntary. It attaches to the specific property improved, not to all of the owner's assets.
Source: N.C.G.S. 44A-8
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.
Key Property Ownership Terms in This Question
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Key Terms to Know
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Pre-ApprovalA lender's conditional commitment to loan a specific amount to a borrower, based on verified income, credit, and assets.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
Math Concepts
State-Specific Concepts
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