Texas Property Code 53.024 – Limitation On Subcontractor’s Lien
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Terms Used In Texas Property Code 53.024
- Lien: A claim against real or personal property in satisfaction of a debt.
The amount of a lien claimed by a subcontractor may not exceed:
(1) an amount equal to the proportion of the total subcontract price that the sum of the labor performed, materials furnished, materials specially fabricated, reasonable overhead costs incurred, and proportionate profit margin bears to the total subcontract price; minus
(2) the sum of previous payments received by the claimant on the subcontract.