How does a lien affect real estate?

A lien affects real estate by creating a claim against the property, which is why the correct choice is that it creates a claim against the property. When a lien is placed on real estate, it signifies that the property is encumbered by a debt or obligation that must be satisfied. This claim must typically be resolved before the property can be sold or transferred free and clear of any financial obligations.

For example, if a homeowner fails to pay property taxes, the local government can place a lien against the property. This means that, upon sale, the proceeds would first need to cover the unpaid taxes before any funds would go to the homeowner. The existence of a lien can also impact the marketability of the property, as potential buyers will need to consider existing encumbrances when making purchasing decisions.

The other options do not accurately describe the nature or purpose of a lien. A lien does not guarantee ownership, nor does it inherently increase property value or relate to lease agreements. Its primary role is to establish a legal claim on the property, making it essential to understand its implications in real estate transactions.