The construction industry in Florida is seemingly always booming. The state’s population is growing and, with that, comes the need for more housing, commercial structures and industrial buildings. This, of course, means that many construction companies in Florida are constantly busy. And, it also means that property owners must be diligent about paying their construction companies so that they can move on to the next project as soon as possible after their current project is complete.
What is construction lien?
Unfortunately, sometimes construction contractors or subcontractors may run into instances of property owners failing to pay their bills on time. For a construction company that has poured resources and manpower into a building project, such a failure to pay bills on time can be ruinous. The good news is that Florida law provides protections for construction companies that find themselves in this type of situation.
Part of the solution to this dilemma is commonly referred to as a “construction lien.” In essence, such a lien allows a contractor or subcontractor to file a notice against the property in question which must be satisfied by paying the contractor or subcontractor in full before the property could possibly be transferred. Like other types of liens, such as a tax lien, a construction lien is intended to help those who are owned funds from a landowner.
How to proceed with construction liens
Although there are possible remedies under the law, the fact of the matter is that the law regarding construction liens can be incredibly complex. Those who wish to proceed with such a lien need to know the right information about how to approach this issue. At our law firm, we help construction companies in Florida that need to proceed with a lien. For more information, please visit the construction lien overview section of our law firm’s website.