Tuesday, July 16, 2013

Colorado Mechanic’s Lien


In Colorado, liens filed on private property or on funds relating to a public project are known as Mechanic's Liens. When a Colorado mechanics lien is filed with regard to work performed on privately owned property, it attaches to and encumbers the fee simple ownership of property.
 Colorado mechanics liens filed with regard to public projects attach to the funds held by the public owner. Contractors, as well as subcontractors, design professionals, sub-subcontractors and material suppliers can file a Colorado mechanics lien. If a company supplies material to a material supplier, they are not eligible to file a Colorado mechanics lien claim. Yes. At least 10 days prior to filing a Colorado mechanics lien statement, the claimant must provide a notice of intent to the owner and the prime contractor.

No comments:

Post a Comment