- Published on
KembaraXtra – Legal Terms – Possessory Lien
A possessory lien is a right to retain possession of another person’s property until a debt is paid.
The lien usually arises where work or services have been performed on the property.
A person claiming the lien does not gain ownership but may keep possession as security.
Possessory liens commonly arise in relation to repairers, carriers, or bailees.
The right normally ends once possession of the property is voluntarily surrendered.
A possessory lien is a right to retain possession of another person’s property until a debt is paid.
The lien usually arises where work or services have been performed on the property.
A person claiming the lien does not gain ownership but may keep possession as security.
Possessory liens commonly arise in relation to repairers, carriers, or bailees.
The right normally ends once possession of the property is voluntarily surrendered.
0 Comments