As construction starts to ramp up again in the Valley of the Sun, so do the issues associated with collecting on contracts. A great mechanism for contractors and material suppliers to assist in collection of monies is a Mechanic’s & Materialmen’s Lien. A Mechanic’s & Materialmen’s Lien is a great security measure but if you do not follow certain statutory requirements, your lien could be ineffective and expose you to damages.
Another excerpt from our mechanic’s & materialmen’s lien law seminar last year. If you are a contractor and you have questions about recording a mechanic’s lien or a project owner and a contractor has recorded a mechanic’s lien against your property and you want to know what next? Call us for a consultation.
