Construction Lien Law and Material Suppliers Part 2
With so many people involved in construction projects, it’s easy for payment issues to become a source of contention. Everyone wants to get paid for the work they do, and rightfully so. This is why understanding lien rights is so important. If you find yourself needing to file a claim or enforce a lien, a Jacksonville construction attorney is a great resource for resolving your payment disputes. From owners on down to material suppliers, construction lien law is important to ensure everyone is protected from financial risk. This final article concludes our two-part series. Read part one to learn more.
Release of Liens
Under lien law, before making a payment to the contractor, the owner has the right to request a release of lien from anyone that has submitted a Notice of Owner to the owner previously. This release signifies that the owner has paid all parties and those parties waive their right to file a claim of lien against the property. A release that is signed before any of the above describe is deemed unenforceable. Suppliers need to know their rights and avoid making common mistakes that could cost them.
How Material Suppliers Can Protect Lien Rights
Suppliers will benefit greatly from an established lien policy. This document is created to help preserve and enforce your lien rights. This lien policy will serve to keep you organized by determining how and when you’ll use your lien rights and will ensure you get the compensation you deserve much faster. The policy should cover procedures such as:
- Sending out notices
- Filing mechanic’s liens
- Collection efforts
- Pursuing a foreclosure lawsuit
Florida lien law can be complex, therefore, the help of an experienced Jacksonville construction attorney is highly recommended.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.