We have completed some decks and have been paid minus the 10% retention. I filed a preliminary notice on each property. We also have more decks to do. Do I file more 20 day notices on each property? These decks will also have a 10% retention.
1 reply
May 18, 2020
There’s a special form called a “Preliminary Notice” that gives information about a subcontractor or supplier on a construction project. The general contractor does not need to send a Preliminary Notice unless there’s a lender involved. The purpose of the Notice is to let the owner know who has mechanic’s lien rights on their project that they didn’t hire directly. That way the owner knows to get lien releases from those parties as payments are made. The notice is sent via certified mail to the owner, the general contractor, and the lender (if there is one), whose names and addresses are shown on the notice. It gives the name and address of the entity giving the notice, the name of the entity that hired them, and the estimated cost of their work. It covers work done within 20 days of the Notice and all work done thereafter. If the subcontractor or supplier does not do this, then they forfeit any mechanic’s lien rights on the project.