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Mechanics liens are among the most powerful tools for contractors to ensure they get paid what they’ve earned on a construction project. In Texas, contractors must send multiple notices and meet strict deadlines to preserve their right to a lien if they need to file one. Rules & requirements for a homestead lien.
Clear visibility over invoices, lien waivers & payments inspires seamless money management & accelerated job timelines. The clean and intuitive dashboard offers a bird’s-eye view over each invoice, compliance document, lien waiver and payment, which makes invoice tracking and management easy as a click of your mouse. Greg Ragsdale.
The variety of services they provide can create a lot of confusion around their right to file a mechanics lien if they don’t get paid. In an attempt to make things clearer, let’s look at what type of work restoration and remediation contractors can file a lien for — and what type of work is less likely to be protected.
In Texas, there are technically two different types of “retainage,” one referred to as such, and the other referred to as “reserved funds.” Texaslien law: ‘Retainage’ or ‘reserved funds’? The main changes came in the form of simplified notice procedures and lien filing deadlines.
Thomas Land & Development owes Gamma Lending $130 million, and unpaid contractors have filed approximately $10 million in liens against the stalled mixed-use project.
Retainage does not extend the mechanics lien deadline A mechanics lien is perhaps the most powerful tool that contractors have to force payment. Mechanics lien laws have specific deadlines that contractors must follow. If they let the filing deadline lapse without filing a lien claim, lien rights may be lost forever.
which opened in Frisco, Texas, in November, claim in liens filed early this year that the company owes them more than $8 million. Turner Construction Co. and the architect for the first KidZania children’s amusement center in the U.S.,
The Texas Supreme Court recently joined the national trend in expressly adopting this exception for private and public construction contracts alike. The Texas court said public policy prohibits a party from intentionally injuring the other party to a contract. In so doing, however, the court left open the question of intent.
Florida Supreme Court follows Texas Lamar Homes. This follows the lead of the Texas Supreme Court in Lamar Homes, Inc. Listed below are links to weblogs that reference Florida Supreme Court follows Texas Lamar Homes : Recent Posts. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens.
The Texas Appellate Court has issued substituted concurring and dissenting opinions in Lennar v. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. « Justice Roberts finds for architect | Main. | CGL policy -- conflict of interest between builder and insurer » April 20, 2006.
And with tentative buzz surrounding a proposed new interstate between Texas and northern New Mexico, there could be some serious construction projects underway in the state in the next year. Payment protection on Texas public projects. Contractors on public projects aren’t allowed to file mechanics liens when payment problems arise.
A business is not eligible for the exemption if it has received a property tax exemption under tax increment financing; there is an outstanding recorded lien for delinquent property, income, sales or use taxes against the business; or the exemption fosters unfair competition or endangers existing business. TEXAS – updated for 2014.
The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. The ETF was created by the Texas Legislature in 2005 at the urging of Gov.
Texas Supreme Court orders Arbitration under the FAA. The Texas Supreme Court in a recent opinion in In re Nexion Health held that the FAA trumped the Texas Arbitration Act. The Texas Supreme Court reversed, ordering arbitration, finding no waiver. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY.
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