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Difference between revisions of "Builders Liens"
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{{REVIEWEDPLS | reviewer = [https://www.ganapathico.com/our-team/anna-kurt/ Anna Kurt], Garapathi Law group|date= July 2018}} {{Dial-A-Law TOC|expanded = home}} | {{REVIEWEDPLS | reviewer = [https://www.ganapathico.com/our-team/anna-kurt/ Anna Kurt], Garapathi Law group|date= July 2018}} {{Dial-A-Law TOC|expanded = home}} | ||
Occasionally, those who work or supply materials on a construction project aren’t paid for the work or materials supplied. A | Occasionally, those who work or supply materials on a construction project aren’t paid for the work or materials supplied. A “'''builders lien'''” can help them collect the money they’re owed. | ||
==Understand the legal framework== | ==Understand the legal framework== | ||
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The ''Builders Lien Act'' says that money received by a contractor or subcontractor for work done constitutes a “'''trust fund'''” for the benefit of people they hire on the project. Trust funds cannot be used to the personal benefit of a contractor or subcontractor until they pay the people they hire on the project. A contractor or subcontractor who does not follow these trust rules may be personally liable for '''breach of trust'''. This is sometimes a way for lien claimants who are not fully paid using their lien rights to recover further amounts owed to them. | The ''Builders Lien Act'' says that money received by a contractor or subcontractor for work done constitutes a “'''trust fund'''” for the benefit of people they hire on the project. Trust funds cannot be used to the personal benefit of a contractor or subcontractor until they pay the people they hire on the project. A contractor or subcontractor who does not follow these trust rules may be personally liable for '''breach of trust'''. This is sometimes a way for lien claimants who are not fully paid using their lien rights to recover further amounts owed to them. | ||
{{Dial-A-Law_Navbox|type=life}} | {{Dial-A-Law_Navbox|type=life}} | ||
{{Dial-A-Law Copyright}} | {{Dial-A-Law Copyright}} | ||