Lien Laws Term Paper by Nicky

Lien Laws
A look at lien laws and their implications for property owners, construction contractors and subcontractors.
# 128057 | 981 words | 6 sources | APA | 2010 | US
Published on Jun 27, 2010 in Law (Property)


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Description:

The paper provides an overview of liens in general and mechanics' liens in particular. The paper explains their implications for general contractors and subcontractors, and focuses on how these laws operate in the state of Kansas.

Outline:
Introduction
Review and Discussion
Conclusion

From the Paper:

"There may be other barriers to pursuing a construction-related lien as well. In cases of construction work on personal residences in Illinois, for example, subcontractors are required to furnish two notices, one within 60 days of first doing work and one within 90 days of last doing work; in the event these notices are not provided, a legal barrier is added that precludes the subcontractor from pursuing a lien. According to Resnick, "Only upon receiving final lien waivers from all the subcontractors (including your general contractor) can you be reasonably protected from a mechanics lien being recorded against your property" (8). Each state allows an individual or company that furnishes labor or materials for a construction project to claim a lien against the improved property; although these laws differ from state to state in their definition of improvements and some states limit lien claims to buildings or structures, the majority of the several states allow the filing of a document with the local court that places parties interested in the property on notice that the party asserting the lien has a claim (Kansas Construction Lien Law 2008: 3)."

Sample of Sources Used:

  • Black's Law Dictionary. St. Paul, MN: West Publishing Co., 1991.
  • Kansas Construction Lien Law. (2008). U.S. Legal Forms. [Online]. Available: http://www. uslegalforms.com/lawsum/?l=1965.
  • Resnick, Tom. (2007, March 11). "Protect Yourself against Mechanic's Liens." Daily Herald (Arlington Heights, IL): 8.
  • Shaw, Jennifer. (1989). "Poor Compliance Can Doom Construction Loans." ABA Banking Journal 81(2): 24.
  • Sicks, Chris. (2001, January 26). "Real Estate Glossary." The Washington Times: 6.

Cite this Term Paper:

APA Format

Lien Laws (2010, June 27) Retrieved February 06, 2023, from https://www.academon.com/term-paper/lien-laws-128057/

MLA Format

"Lien Laws" 27 June 2010. Web. 06 February. 2023. <https://www.academon.com/term-paper/lien-laws-128057/>

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