When you're in the construction industry and provide materials, equipment, labor or services to a property, then you have the right to be paid on time. The most powerful tool for achieving this is by filing a mechanic's lien against the property. This can create problems for the property, the construction project lender and property owner if they don't pay you. However, there are several specific requirements of the state of Texas that must be followed and an attorney can help you to ensure the lien is filed properly.
Requirements with Mechanic's Liens Affidavits in and around Arlington
When it comes to filing mechanic's liens affidavits, you will have to follow many requirements in conjunction with Texas construction law:
- The lien must be recorded with the land recorded and appear on the title search of the property
- After the lien is placed, contract provisions put one party in breach, which creates pressure to resolve claims quickly.
- This lien allows you to file suit against many parties
- It sets a firm payment deadline in place
- If they don't pay, the lien allows for the property to be sold at auction to fulfill the unpaid debt
- They are considered secured debt in bankruptcy and put the claimant at the top list to be paid
An experienced attorney can help assist you. As a contractor, your cash flow is your livelihood. You have every right to expect prompt payment that is on time in terms of the payment schedule. John Hixson will fight for your share of the proceeds of a project. These mechanic's liens must be filed in a timely manner.
If you or a loved one need help from a construction lawyer in Arlington who understands mechanic lien affidavits, call 817-261-5000 today.