Tag: Minnesota
-
Minnesota Mechanics Lien Law: 5 Things to Know
Not sure where to start on your Minnesota mechanics lien? Let the “5 things to know” below guide you into getting paid! Suppliers to Suppliers do Not have Minnesota Mechanics Lien Rights Parties who furnish labor, materials, or services at the request of the owner, owner’s agent, general contractor, or subcontractor on a construction project…
-
Minnesota Court Refuses To Let Contractor Back Out From Signed Lien Waiver
Last month, the Minnesota Court of Appeals issued a pretty routine decision regarding mechanic’s lien waivers, but one worth writing about because companies sometimes overlook the routine elements of their day. The case regarded the effectiveness of a signed lien waiver. Lien waivers are a fact of life in construction. Whenever your company is expecting a payment,…
-
Mechanics Lien – Is it like a Mortgage? Yes and No.
In most states, contractors and suppliers can file “Mechanics Liens,” whereby they acquire a privilege against the construction jobsite’s property. The liens usually work like a mortgage on the property, such that it must be satisfied before a property is sold, transferred or refinanced. While liens act a lot like mortgages, they certainly are not…