The Importance of Providing a Preliminary Lien Notice

Providing a Preliminary Lien Notice is an effective way to help you get paid faster and avoid filing a mechanics lien. A Preliminary Lien Notice, also known as a 20-day notice, is a legal document that serves to notify the property owner that the claimant is owed money by the owner. The notice is delivered by a certified or registered mail service. Visit  this company website for more info on the benefit of providing a preliminary lien notice.

There are many reasons to provide a Preliminary Lien Notice. It not only protects you against payment problems, it can also show that you're serious about getting paid. Having the proper information in your preliminary notice is important and helps you to save time.

During the construction industry, it's common for payment issues to arise. This is especially true on projects that involve subcontractors and material suppliers. These companies aren't always well-known to the general contractor. However, they have a right to expect to be paid for the work they do. As a result, it's essential to have a system in place to handle these types of disputes. A Preliminary Lien Notice is an inexpensive and easy way to keep your lien rights.  Visit here for more information on preliminary lien notice now.

While a Preliminary Lien Notice won't make or break your construction project, it will make your business look more professional. The best practice is to send the notice as soon as work begins. The newest law in Arizona, which went into effect in December of 2019, requires new preliminary notices be provided for all price increases. In other words, if your preliminary notice is more than 20 days old, you'll need to send a new one.

In order to give a proper Preliminary Lien Notice, you'll need to provide the following: a description of the subject property, the name of the general contractor, and a phone number. The notice should be delivered to the property owner by a first class certified or registered mail service. This is a record of service and provides you with a proof of delivery. If you choose to provide a hand-delivered notice, make sure that you have a return receipt. If you're not sure whether or not you've provided the proper information, you may want to consult an attorney.

Providing a Preliminary Lien notice is a good idea for any project. It will let the property owner know who is owed money and when. It's also an effective way to let the owner know if partial lien waivers are missing. It's also a great way to communicate with the major stakeholders of your project. It will give you the opportunity to resolve any issues before they become a problem.

If you have a complicated construction project, it's wise to hire an attorney. An attorney can advise you on whether or not you have lien rights and what you can do to protect yourself. They can also help you identify the proper type of lien to file. They can also represent you at your final hearing if you need to file a lien against another party. For more knowledge about this topic, visit this link: https://en.wikipedia.org/wiki/Lien.