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Can I add a 2% compounded weekly fee to my invoice if payment is not being made? How do I keep updating that in my lien

WashingtonMechanics Lien

We have done finish work at a Doctors home. His relationship went sour with the builder. We were contracted under the builder to finish the house. Our contract was terminated and now he is not paying us for the work we did up to the time of termination. He owes us $58k before i tack on any interest for non payment. Am I legally able to do this and how do I make sure my lien amount is updated every single week?

2 replies

Aug 7, 2020

If interest wasn't listed in the contract or on the invoice, you can't charge 2% but you can charge 12% per annum or 1% and you don't need to update the lien.  When and if it goes to foreclosure, you can list the interest in the prayer for relief.

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Aug 7, 2020

Your lien must be filed against the property within 90 days of your last labor. 12 percent simple interest is the maximum you can charge on the balance due under your circumstances 

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