Just finished TI of commercial property for which I’m the tenant. I hired and paid the HVAC contractor 95% of the $150k+ contract. Contractor only paid 50% of the equipment and is now ignoring contact. Can the supplier put a lien on the property?
1 reply
Apr 27, 2020
They sub can lien whatever interest you have in the property. So in your case, they can lien your leasehold interest. If they were to foreclose, the supplier could probably seize the equipment/property in your property and not much else. If the TI was required by the landlord/owner, then there is a chance the supplier could lien the property itself.