A lien is a legal claim against a specific asset that grants a person a security interest over the asset subject to the lien. The asset with an attached lien becomes collateral to satisfy a debt or secure payment for the performance of an obligation. A contractor can...
You may file a lien against someone who fails to pay you for the work you have done. If the person refuses to pay and makes it clear you will not be able to collect your money, it is your right to put a lien on the property. A lien will make it impossible for the...
A construction lien allows you the right to collect money owed to you by a homeowner. It is a legal process so it is essential that you include all the right information when filing the lien. State law provides a basic form within the legal language that allows you to...
You have a right to receive payment after you supply labor or supplies for a New Jersey construction project, and the state has certain laws in place that give you recourse in the event you never receive payment. When someone fails to pay you for the work or materials...
Even though you always work hard to deliver the results your customers expect, some customers are never happy. If you have substantially completed work on a project, you deserve to receive payment. An unhappy customer may be slow to pay, however, which eventually...
If you are a contractor or subcontractor working in the state of New Jersey, it is important that you understand mechanic's liens. This legal document allows you to secure payment for services rendered on a project by filing a lien against the property. In this blog...
Although most construction projects go smoothly, there are often a few bumps in the road. One of the biggest potential problems is when a contractor or subcontractor doesn't get paid for their work. If this happens, they have the legal right to file a construction...
If you're a contractor who hasn't been paid after completing a commercial or residential project in New Jersey, you may want to create a construction lien. Doing so makes it challenging for the owner to refinance or sell their property as the title may be unclear....
Skilled tradespeople in New Jersey understand the why of using a mechanic's lien. It protects them in the case of non-payment. A mechanic's lien is an instrument that gives workers an interest in a property since they've done work to improve it and raise its value....
Construction liens in New Jersey maintain different rules for filing than other states. Unlike some states where contractors can file a lien at any point in the construction process, a construction lien in New Jersey requires filing after completion of most of the...
