Tennessee Code 66-11-120 – Lien limited to contract price and extras in the contract
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Terms Used In Tennessee Code 66-11-120
- Contract: means an agreement for improving real property, written or unwritten, express or implied, and includes extras as defined in this section. See Tennessee Code 66-11-101
- Contract: A legal written agreement that becomes binding when signed.
- Extras: means labor, materials, services, equipment, machinery, overhead and profit, for improving real property, authorized by the owner and not included in previous contracts. See Tennessee Code 66-11-101
- Lien: A claim against real or personal property in satisfaction of a debt.
- Owner: includes the owner in fee of real property, or of a less estate in real property, a lessee for a term of years, a vendee in possession under a contract for the purchase of real property, and any person having any right, title or interest, legal or equitable, in real property, that may be sold under process. See Tennessee Code 66-11-101
- Prime contractor: means a person, including a land surveyor as defined in §. See Tennessee Code 66-11-101
The claims secured by lien for work, labor, materials, equipment, services, machinery, overhead and profit, shall not exceed the contract price and extras in the contract between the owner and the prime contractor.