Understanding Mechanics Liens in 2024
Mechanics liens are powerful legal tools that help construction companies get paid. When a contractor or supplier isn't paid for their work or materials, they can file a lien against the property. This claim can prevent the property owner from selling or refinancing the property until the debt is paid.
Key Deadlines to Remember
- Preliminary Notice: In many states, you must send a preliminary notice at the start of the project to preserve your lien rights.
- Notice of Intent: Some states require a warning notice before you can file the actual lien.
- Filing the Lien: There is a strict deadline for filing the lien affidavit with the county recorder.
- Enforcing the Lien: If you still aren't paid, you must file a lawsuit to enforce the lien within a specific timeframe.
Construct Collect Technologies helps you track all these deadlines automatically, ensuring you never lose your right to payment.