POSSESSORY LIEN AFFIDAVIT - TR-85 2025

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A possessory lien is a security interest in personal property that secures payment for services rendered with respect to that property. No special forms or paperwork are required to secure these liens.
A lien release is when the lienholder formally gives up their claim to the vehicles title. It lets the car be bought or sold without strings attached.
At its core, an affidavit lien is a binding legal document that could introduce complexities into real estate transactions. Typically, such a lien is recorded against a property by an individual or entity claiming a financial debt owed by the property owner.
A lien waiver is quite common in the construction business. Essentially, it is a document from a contractor, subcontractor, supplier, or another party who holds a mechanics lien that states they have been paid in full and waive future lien rights to the disputed property.
A lien release (also called release of lien) is a document that is filed with government authorities as the official notice that the lien is removed.
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A possessory lien grants a creditor the right to remain in possession of a property under the lien until the debtor has satisfied his or her debt. A lien is the legal claim that one person has over the property of another as security for the payment of a debt.
Another type of possessory lien is a garagemens lien. In this case, a private property owner who rents the space out as a garage can take possession of a vehicle if the owner hasnt paid for a specified period of time. Towing companies also hold informal possessory liens.

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