A lien (pronounced lean) is a legal right, claim, or interest in another person’s property that remains until a debt is paid or an obligation is fulfilled. For example, a lien may be placed on real property to secure a contractor’s claim for payment for work or materials provided to improve the property (a mechanic’s lien) or by a homeowners’ association to secure payment for unpaid dues or assessments against an individual homeowner.
There are many different types of liens related to real property and the laws regarding these liens may vary from state to state.
In Arkansas, a lien is a legal claim against property to secure payment for a debt or fulfillment of an obligation. One common type of lien is a mechanic's lien, which contractors, subcontractors, or suppliers can file when they have not been paid for labor or materials used in improving real property. To enforce a mechanic's lien in Arkansas, the claimant must file a lien within 120 days after the last item of work or material is furnished. Additionally, the claimant must file a lawsuit to foreclose on the lien within 15 months from the date the lien was filed. Homeowners' associations (HOAs) in Arkansas may also place liens on property for unpaid dues or assessments. These liens are typically governed by the covenants and bylaws of the HOA and state law, which may outline the process for placing and enforcing such liens. It's important to note that the specific procedures and requirements for filing and enforcing liens can be complex and may require the assistance of an attorney to navigate properly.