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 ...
What Is a Construction Lien? A construction lien is a claim made against a property by a contractor or subcontractor who has not been paid for work done on that property. Construction liens are ...
Let’s suppose you hire a contractor to build an addition to your house for $11,284. The written contract says you pay a third at the start, another third midway through the project and the balance ...
Lien rights can be one of a contractor's most important means of securing payment on any private construction project in North Carolina. Under Chapter 44A of the North Carolina Statutes, contractors ...
Business enterprises routinely conclude commercial contracts on a credit basis, billing customers at a later date. Some customers fail to deal in good faith, but it is difficult to know if that ...
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What Happens If There Is a Lien on Your Property?
A lien is a creditor’s legal right or claim to your property. The purpose of a lien is to hold a property item — it doesn’t have to be a house — as collateral for a loan or debt. If you don’t pay off ...
Marriage, siblings, estates and family ownership can all lead to unwanted trouble from the IRS if property is owned jointly. Should one of those joint owners be indebted to the IRS, the tax agency can ...
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