We’ve seen many questions asked on the web, as well as from our clients, about the need to provide or obtain a lien waiver. Before proceeding, let’s define some terms. A lien waiver simply put, waives your right to file a lien or bond claim on a construction project. It can be a limited in nature and only…
Virtually all states provide that contractors, laborers, material suppliers, equipment lessors, architects and other design professionals can protect their investment by recording a claim of lien for unpaid wages, materials or services. Notwithstanding these rights, sub-trades must of course comply with state specific guidelines in order to have and maintain a valid lien claim. However, assuming that…