Paul Norris | Stark & Stark Although many contractors have never heard of the expression “lien fund” having an understanding as to what this phrase means is crucially important in the context of seeking payment pursuant to a construction lien. In general terms, a lien claimant is only entitled to payment from the project owner… Continue reading Construction Liens – What is a Lien Fund?
Category: Mechanics Lien Law
Preserving Lien Rights on Private Projects in Washington: Three Common Mistakes to Avoid
Kristina Southwell | Ahlers Cressman & Sleight The Washington Construction Lien Statute, RCW 60.04 et seq., exists to help secure payment for work performed for the improvement of real property.[1] The statute grants “any person furnishing labor, professional services, materials, or equipment for the improvement of real property” the authority to claim “a lien upon the improvement… Continue reading Preserving Lien Rights on Private Projects in Washington: Three Common Mistakes to Avoid
Mastering Construction Liens: Pursuing Payment (Part 2)
Taylor M. Hayes and J. Daniel Weidner | Koley Jessen Let’s assume you have successfully filed a construction lien. Let’s also assume your lien was timely recorded, notice was provided (if necessary), you have compiled all relevant documentation, and now you are ready to pursue payment for the amount secured by the lien. Unfortunately, recording… Continue reading Mastering Construction Liens: Pursuing Payment (Part 2)
Liberating Property: Bonding Off Construction Liens in Michigan
Warner Norcross + Judd An owner hired a contractor to make improvements on real property, but the contractor failed to pay its subcontractors or suppliers. What happens next? Under Michigan’s Construction Lien Act, contractors, subcontractors, suppliers and laborers have a powerful tool to secure payment for their work through construction liens. Once a construction lien… Continue reading Liberating Property: Bonding Off Construction Liens in Michigan
Colorado Mechanic’s Liens – Three Key Steps
Laura Martinez | Fairfield & Woods In construction projects, non-payment issues often arise. Mechanic’s liens are filed on the property where the work was performed and are an important tool for construction professionals and material suppliers to obtain payment. However, because the statutory requirements for mechanic’s liens are strictly enforced it is critical that… Continue reading Colorado Mechanic’s Liens – Three Key Steps