A construction lien waiver is a legal document saying a party waives future lien rights against a property. Lien waivers are designed to protect both a payer and a payee. Payers are protected from the ...
In Maryland and elsewhere, a mechanic’s lien safeguards a contractor’s entitlement to payment on a private project. It is a statutory device that, if properly pursued, provides a contractor a security ...
Soon after the lien came the lien waiver, said to be necessary to protect property from specious claims. What started out as a simple means of proving that an owner had paid, however, has taken a long ...
Like many construction companies, we spent too much time manually creating lien waivers. The information was already in ...
Most commercial construction companies deal with lien waivers in some form. General contractors must request, collect, and track lien waivers from everyone below them on a project. (And when we say ...
North Carolina Avenue is one of the hottest properties in Monopoly, says most of my kids. And if you are a contractor or subcontractor in North Carolina, the law makers recently afforded you some ...
Owners loathe and contractors love mechanic's liens. Regardless of point of view, mechanic's liens are an American institution as old as the Bill of Rights. In 1790, President George Washington chose ...
Lien waivers are part of doing business for contractors. If you want to get paid, most owners or general contractors will require that you submit a signed lien waiver with your payment application. On ...
To many, a lien waiver might seem like one more minor item on a construction contract full of small items. But failing to use lien waivers in a timely and proper way can lead to problems for everyone ...
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Scott Mollen discusses "J.T. Magen & Co. v. Nissan N. Am.," where the court found a willfully exaggerated mechanic's lien to be null and void. Mechanic's Lien—Willful Exaggeration Improper—'Side Deal' ...