Sharkitecture.NET » Lien http://sharkitecture.net Study Guide for the California Supplemental Exam Tue, 27 Jan 2009 21:58:26 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 How would you limit your client’s potential exposure to liens or other encumbrances on their property? http://sharkitecture.net/2009/01/how-would-you-limit-your-client%e2%80%99s-potential-exposure-to-liens-or-other-encumbrances-on-their-property-2/ http://sharkitecture.net/2009/01/how-would-you-limit-your-client%e2%80%99s-potential-exposure-to-liens-or-other-encumbrances-on-their-property-2/#comments Sun, 25 Jan 2009 05:02:13 +0000 admin http://sharkitecture.net/?p=217 By using the AIA G700-series documents, or similar documents, to properly record the contractor’s schedule of values, provide site observation to verify validity of contractor’s applications for payment, and to ensure that consent of the bond surety is secured prior to the release of any retainage or final payment to the contractor, as well as secure affidavits of lien releases from the contractor or a bond to properly protect the owner’s property in the case of any unsecured affidavits of lien releases.

Advise the owner to require labor and material payment bond to cover any lack of payment by the GC. Require the contractor indemnify the owner against any third-party claims. Affidavits of lien release can also be required with each application for payment. If the owner has reason to suspect a sub is not being paid, they can request proof of payment from the GC.

]]> http://sharkitecture.net/2009/01/how-would-you-limit-your-client%e2%80%99s-potential-exposure-to-liens-or-other-encumbrances-on-their-property-2/feed/ 0 Design-professional lien http://sharkitecture.net/2008/12/design-professional-lien/ http://sharkitecture.net/2008/12/design-professional-lien/#comments Sun, 21 Dec 2008 17:15:37 +0000 admin http://sharkitecture.net/?p=61 1. Record before construction begins

2. Used to protect design Professional in case project isn’t built and owed money

3. Must record a notice of lien within 90 days after having reason to believe the landowner is not going to build the project

4. Expires if project construction commences or 90 days passes without a suit filed to enforce the lien

]]> http://sharkitecture.net/2008/12/design-professional-lien/feed/ 0 Mechanics Lien laws Process: http://sharkitecture.net/2008/12/mechanics-lien-laws-process/ http://sharkitecture.net/2008/12/mechanics-lien-laws-process/#comments Sun, 21 Dec 2008 17:14:58 +0000 admin http://sharkitecture.net/?p=60 1. Subcontractor: File 20-day Preliminary Notice with county recorder, then within 30 days of Notice of Completion must file Claim of Lien. Then within 90 days a foreclosure action can be taken
2. Sub on public project: Serve Stop Notice within 30 days of Notice of completion, then file an action on the stop notice within 90 days of notice.
3. Prime Contractor: Within 10 days of completion, file Notice of Completion. Within 60 days of that, file Claim of Lien. Within 90 days of that file a Lien Foreclosure Action

]]> http://sharkitecture.net/2008/12/mechanics-lien-laws-process/feed/ 0