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Real Estate
1KS.SS Eileen M. Day realtor
AVOID SURPRISE
LIENS
Whenever a contractor makes building improvements or constructs a new building — such as a house — for you, you should always require him to furnish proof that he has paid the businesses furnishings supplies and labor for the job. Otherwise, the unpaid suppliers or sub-contractors could file a statement of lien against your property for the money owed to them.
Even if your general contractor gives youa “waiver of lien” for the work he has done, you are not protected from sub-contractors and suppliers if they have not been paid. They could still get a valid lien against your property if they follow the proper procedures.
More than one property owner has found himself having to pay suppliers and sub-contractors even after he has paid the general contractor. Of course, the general contractor is liable to the owner because of this extra payment, but recovery from him can be expensive, difficult, and sometimes impossible.
Your best protection from this unpleasant and expensive situation is consultation with your attorney during the contract process.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, Realtor, The Clopton House, Washington, VA 22747. Phone: 675-3400. We’re here to help.
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