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What is a ‘Mechanic’s Lien’: Understanding Your Rights and Obligations

Building Radar

A mechanic’s lien is a legal claim against a property for unpaid work or materials provided during construction or renovation. What is a Mechanic’s Lien? What is a Mechanic’s Lien? If the property owner fails to resolve the lien, the lienholder may seek foreclosure to recover the owed amount.

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Does a Lien Affect Your Credit Score?

Levelset

If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?

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The Bird Box Dilemma: When False Pay Apps and Lien Waivers Are Not Fraudulent Inducement

Best Practices Construction Law

As a construction litigation attorney, the “claim” is often about telling the story of a breach of contract, or failed expectations, or unforeseen delays, all through the testimony of individuals or the introduction of documents. In a recent case, Wollaston Industries v. Ciccone d/b/a Ciccone Door Services, (U.S.D.C.

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What is ‘Substantial Completion’ in Construction? Definition and Examples

Building Radar

In the construction industry, the term “substantial completion” plays a crucial role in defining when a project is considered complete from a legal and practical standpoint. It often triggers various contractual and legal obligations, such as final payments and the start of warranties.

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Owners Can Get Cake and Icing Under New Tennessee Lien Law

Best Practices Construction Law

The new statute, signed into in May 2018, immediately created a cause of action providing for remedies for the successful challenge of the validity of a lien against a property. 4) Any actual damages incurred by the owner. 4) Any actual damages incurred by the owner.

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How to Get Paid on Washington State Public Projects

Levelset

Contractors on public projects aren’t allowed to file mechanics liens when payment problems arise, as both the federal and state governments explicitly prohibit private entities from claiming an interest in public property. Washington State bond claim laws. Download a Washington State Notice to Contractor form.

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7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process. Mechanics lien laws have specific deadlines that contractors must follow.