Payment issues are a common source of litigation in the construction industry. Owners who don’t provide payment creates stress and difficulty for contractors, subcontractors, and suppliers. There are lien laws in place to help construction professionals get paid, but they come with their own complications.
Why You Need a Colorado Springs Construction Lien Lawyer
The deadline to record a lien often passes while construction professionals are waiting to get paid. The deadlines and procedures surrounding liens are exceedingly stringent. That’s why it’s best to hire someone who understands the intricacies involved. A Colorado Springs construction lien lawyer from Cotney Construction Law can help you enforce your lien rights and get you the compensation you deserve.
The notice of intent and the actual lien itself have to be filed on time and in accordance with Colorado law to be valid. If the lien is filed incorrectly, you could lose your lien rights and the court may order you pay certain costs, including attorney fees.
Paying fees when you are owed money is the last thing you want to do, but it could end up happening if you don’t file the lien correctly. Cotney Construction Law can help you protect your business.
Understanding Colorado Lien Law
You normally have four months from the last day labor or supplies were furnished to file a statement of lien unless you did not provide materials or laborers and only provided labor and work that was done by the day or piece, in which case you have two months.
Eleven days prior to filing the statement of lien you need to mail by certified mail, return receipt requested, a Notice of Intent to Lien to the property owner. You should also beware of common pitfalls which may cut off your lien rights: recording the statement of lien after the time for filing a lien has passed, forgetting to give proper notice to the owner before filing the lien, and recording a lien for an amount in excess of what is owed.
The best way to keep your lien rights intact and your notice valid is to hire an attorney to work on your behalf.
If you would like to speak with a Colorado Springs construction lien attorney, please submit our contact request form.
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.