At the end of the day, filing a lien is a great way for contractors to protect their rights. However, many don’t realize how crucial it is in states where it’s required. If a situation arises where you need to move forward with a mechanics lien, making this first deadline is critical and doesn’t cost you much.
Let’s first took a look at the average General Contractor Fee:
Now let’s look at the savings of sending a prelien versus the losses that happen when a contractor neglects to do this.
Preliens have many benefits, including letting the owner know that the contractor is aware of their lien rights, opens up the lines of communication, prevent further filing of liens, and encourage quick payments to contractors.