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AN ACT to establish, protect, and enforce by lien the rights of persons performing labor or providing material or equipment for the improvement of real property; to provide for defenses to construction liens; to provide remedies and prescribe penalties; and to repeal acts and parts of acts.
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What is construction lien act?
The Construction Lien Act is a law that provides a legal framework for contractors, subcontractors, and suppliers to claim unpaid amounts owed to them for construction services or materials supplied. It allows these parties to place a lien on the property to secure payment.
Who is required to file construction lien act?
Generally, those who provide services or materials in construction, such as contractors, subcontractors, and suppliers, are required to file a construction lien if they have not been paid for their work as stipulated by the Act.
How to fill out construction lien act?
To fill out a construction lien, one must complete the required form with details such as the property owner’s information, the nature of the work or materials provided, the amount owed, and must sign and date the document before filing it with the appropriate governing body.
What is the purpose of construction lien act?
The purpose of the Construction Lien Act is to protect the rights of those who provide labor or materials in construction projects by enabling them to secure payment through a lien on the property, thus ensuring fair compensation for services rendered.
What information must be reported on construction lien act?
The information that must be reported on a construction lien includes the name and address of the property owner, the name of the claimant, a description of the work or materials provided, the unpaid amount, and the date the work was completed or materials were supplied.
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