What does the term "mechanic's lien" pertain to in Virginia?

The term "mechanic's lien" in Virginia pertains specifically to a legal claim against a property for unpaid work or materials provided. This mechanism allows contractors, subcontractors, and suppliers who have furnished labor or materials for improvements to real estate to secure payment by placing a lien on the property. If the property owner fails to pay for the services or materials, the lien gives the claimant a legal right to seek payment through the property, which can ultimately lead to the sale of the property to satisfy the owed amount.

A mechanic's lien serves as a protection for those in the construction industry, ensuring they can recover payment for services rendered. This is critical in the construction and renovation industries where cash flow can be tight and delays in payment are not uncommon. Understanding this legal tool is essential for contractors operating in Virginia to effectively manage their financial and contractual rights.