Legal Definitions - agent's lien

An agent's lien is a type of lien that gives an agent the right to hold onto property until they receive payment for their services. This means that if an agent has provided a service to someone, such as a real estate agent helping to sell a house, they can keep hold of the property until they receive their commission.

For example, if a real estate agent helps to sell a house, they may have an agent's lien on the property. This means that they can keep hold of the property until they receive their commission for the sale. Once they have been paid, they will release the lien and the new owner can take possession of the property.

Another example could be a travel agent who books a holiday for a customer. If the customer fails to pay for the holiday, the travel agent may have an agent's lien on the booking. This means that they can hold onto the booking until they receive payment, and the customer will not be able to go on the holiday until they have paid.

These examples illustrate how an agent's lien can be used to ensure that an agent is paid for their services before the property or service is released to the customer. It gives the agent some security and helps to prevent them from being left out of pocket.