If you verbally agreed to have the materials purchased, then you are responsible for their cost. If you do not accept them, then the contractor must make reasonable efforts to sell them, and you will be liable for any deficiency. This deficiency may be claimed as a lien against your property. See the legal doctrine of quantum meruit for more details.
Get StartedA Subcontractor Agreement is an agreement between a general contractor (the "General Contractor") and another party who has subcontracted to perform work and services for the General Contractor (the "Subcontractor"). The General Contractor is the party who will contract directly with the owner of the property on which the Subcontractor will be working. Frequently, the General Contractor has portions of the larger project that the General Contractor prefers not to do. Therefore, the General Contractor contracts those portions out to another party, the Subcontractor.If it is available, the Subcontractor may wish to review the Original Contract between the Owner and the General Contractor to be sure that there are no conflicting terms between it and the anticipated Subcontractor Agreement.This agreement allows the parties to describe which services and materials the Subcontractor will provide, specify the price for the work, and assign various rights and liabilities between the parties. Important provisions regarding indemnification, insurance, change orders, unforeseen conditions, defaults, the nature of the parties' relationship and miscellaneous concerns are also included.This agreement should be signed by both parties and becomes effective as of the date inserted at the beginning of the agreement.
In most states, the contractor must have performed work or brought materials to the job site before he can file a lien.
When the general contractor makes a threat to a homeowner, about selling all the homeowners personal property, that the contractors have in storage. And the contractor has not finished the repairs on the homeowner's house. Can the contractor sell their property?
In New York as elsewhere, liability would rest with the party, contractor or property owner, found to be negligent and/or culpable in the injury. For this reason both property owner and contractor will typically each carry insurance or insure themselves against injury claims by on private property. Additionally, it is a standard and wise practice during the bid and contracting process for the purchasing property owner to ascertain and require the following:Contractor's state contractor license - because claims against contractors will vary as between licensed and unlicensed contractors in most states.Currency and sufficiency of property owner's own liability insurance coverage.A "waiver of liability" agreement (form) provided and agreed to by contractor, prior to start of work, by which contractor agrees to assume liability for any claim by his employees or those of subcontractors on the work site; said form called by various names . . . to be found by contacting cognizant state office/bureau.
The business can put a lien on the property. Builders I work for make me get Lien Waivers signed from my distributors to assure I have paid them. Depending on the state the project was completed in & when, you may be able to file a mechanics lien to secure payment. Check out National Lien & Bond Claim Systems for more information.
A residential contractor specializes in building homes which people will live in. A building contractor oversees the building of commercial property.
A mechanics lein is on the property and it can last till the property is sold or the lein is paid.
Yes, when you place a mechanics lien on someone's property, you can typically include interest on the amount owed, provided that the underlying agreement or contract allows for it. The interest calculation should follow the terms specified in the contract or any applicable state laws regarding mechanics liens. It's important to check local regulations, as they may have specific requirements for interest rates and how they can be applied.
In the context of a lien waiver, "its" typically refers to the entity or individual that is granting the waiver. A lien waiver is a legal document in which a contractor, subcontractor, or supplier relinquishes their right to file a lien against a property, often in exchange for payment. The term "its" signifies the party's acknowledgment of the waiver's terms and conditions, indicating their agreement to forgo any claims against the property related to unpaid work or materials.
The person who is entitled to property depreciaiton after repairs between the owner and contractor is the owner. The contractor comes in to fix things and if he doesn't do it right, he can be sued. But if the work was done right, the owner is responsible.
The main difference between a property developer and a building contractor is the developer is the person who blueprints the area and buys the land to build on. The contractor is the person who actually builds the building or subcontracts the work out.
YES