To provide contractors, subcontractors, materials' suppliers and vendors a legal method of guaranteeing payment for their services on construction projects, state statutes allow them to file liens ...
This article originally appeared in the December 2023 issue of Security Business magazine. When sharing, don’t forget to mention Security Business magazine on LinkedIn and @SecBusinessMag on Twitter.
Reposted from the On the Level Newsletter. Ohio’s Mechanic’s lien laws, codified in R.C. §1311, provide a contractor, a subcontractor, material supplier, and more recently, an architect or ...
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What is a lien and how does it affect you?
What is a lien and how does it affect you? You’re in good company if you’re not exactly sure how liens work. It’s not one of those topics that makes it into most people’s water-cooler conversations.
Liens are creatures of statute and, as such, have been held to be in derogation of common law. The practical effect of the preceding sentence is that lien statutes that allow construction ...
When properly filed, a construction lien is a great tool for contractors, subcontractors, and material suppliers seeking money owed for work performed or goods provided to improve real property. So, ...
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