|
|
Article: Mechanics' Liens in South Carolina: 2000 Overview and Update.(Brief Article)
- Article from:
- Business Credit
- Article date:
- September 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Nature of Mechanics' Liens
A mechanics' lien in South Carolina is an encumbrance, like that of a mortgage, on the real estate upon which a project is being built. The lien provides security for payment of persons whose labor and materials have been used in connection with the improvement of the property. Practically any kind of service can support a lien, including design, equipment rental and security. The improvement, however, in order to be subject to mechanics' liens, has to be a "structure," that is, something put together out of component parts (a pipeline, tower, or fence, for example, but not a polo field). Anyone down the contract chain can file a lien, ...