A Quick Guide to Legal Property Descriptions for Arizona Contractors Currently, only 11 states require Legal Property Descriptions (per A.R.S. Sec. 33-993) and Arizona happens to be one of them. This means contractors have to include the Legal Property Address of the project site when they file a lien. If a contractor neglects to include this, it […]
You have so many options when it comes to selecting the right lien service provider. So it’s critical to do your research and properly think through each of your options. Because of the complexity of each lien document, it’s a decision you should not take lightly. Here are some things to consider that will help […]
Every contractor knows that cash flow is an essential part of a construction business. However, the downside is that but it can be a challenge to keep up with as project payments can move at a slow pace. You have to take care of your workers and suppliers. Paying them ASAP is critical, however, it […]
Everyone on a construction project benefits from lien waivers as they are an important tool in the construction payment process. Lien waivers are the release of lien rights up to a predetermined dollar amount. This is usually done once payment has been received by the contractor, sub or supplier. No one wants to deal with […]
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 […]
In short, yes! There are so many benefits to subcontractors who send preliminary notices (preliens) on every project. However, because of negative associations that come with preliens, many become hesitant and don’t send a prelien as part of their business process. As a result, they’re missing out as everyone can benefit from a prelien. Advantages of […]
What Does An Arizona Mechanic’s Lien Do? A mechanic’s lien is a legal tool that gives unpaid contractors a security interest in the property that they worked on without pay. As a contractor, it’s important to be educated on the lien laws in your state to ensure that your lien rights are protected and that […]
What is a letter of intent to lien? Simply put, a letter of intent (aka notice of intent) is a payment demand letter. When your client hasn’t paid you for your work, you can send this document as a warning that if payment isn’t made, a lien is right around the corner. It is often […]