Materialman's Lien Explained For Contractors
what is a materialman's lien
A materialman's lien is a legal claim placed on a property by a supplier or contractor who has provided materials but hasn't been paid.
How Materialman's Liens Work
This lien ensures that those who supply materials for construction or improvement projects receive payment. Key aspects include:
- It attaches to the property itself
- It can force a sale of the property to satisfy the debt
- Requirements vary by state
Filing and Enforcing a Lien
To file a materialman's lien, suppliers must follow specific procedures, such as:
- Providing preliminary notices
- Filing within strict deadlines
- Potentially pursuing legal action to enforce the lien
Understanding this tool is crucial for protecting your rights in construction projects.