TIRED OF CHASING YOUR MONEY
Approximately eight of every ten construction-related businesses reported significantly higher unpaid receivables over the last 2 years than in years prior. Although this is by no means a new issue - it is still one that plagues the construction industry. Many companies are experiencing delays in obtaining payment for projects they’ve completed across the country and it seems this problem isn’t going away anytime soon. This unfortunate reality has demonstrated how important it is to utilize every available tool to avoid bad debt, write offs and added legal expenses.
HOW DO YOU OBTAIN CONTROL OVER YOUR PAYMENTS?
When it comes to the construction industry; there are many reasons why payments are delayed. Often times, the delays have nothing to do with the supplier or subcontractor. Instead, they can range from problems with a loan to the insolvency of the property owner or general contractor. Many companies have found using the Lien laws has completely transformed their collection process. Drastically reducing the amount of time and effort previous methods required.
Owners do not want a lien filed against their property because it can cloud the title, preventing the property’s owner from selling or refinancing. This explains why filing a lien incentivizes the property owner to ensure all participants of a construction project are paid. Which is why pre-lien notices that contractors and suppliers send are an effective method to prompt payments. Having this type of leverage ensures you’ll never have to worry about collecting your money …on your terms.
ABOUT LIEN RIGHT NOTICES
Lien Right Notices is a document preparation firm that partners with clients to ensure the State Lien Laws are followed, exactly as required.
Companies have found the processing of Lien related documents can be quite cumbersome and confusing, as well as carry a significant amount of liability. One minor error can completely invalidate lien rights, leaving the company unprotected and at the mercy of others. Despite the relationship they have with their customer; the loss of lien rights can negatively impact the company and ultimately cost significantly more than their original invoice to recuperate.
Lien Right Notices understands the importance of accuracy, as well as the potential of human error. In addition to the many years of experience with this critical task; Lien Right Notices carries a $1Million Errors & Omissions Professional Liability policy, which protects clients from any potential mistakes our staff could make. Ensuring the client is protected and will receive full payment of their invoice, should LRN miss a required piece of information or step.
OUR SERVICES
Lien Right Notices, Inc specializes in the State of Florida Constrution lien law. Offering clients’ a web-based platform that is accessible from any location, in order to keep a finger on the pulse of their receivables. This specialized system is easy to navigate, providing features that allow for the tracking of Lien deadlines for each project, accompanied by deadline reminders - so you never miss the opportunity to enforce your lien rights. As well as complimentary partial and final lien waivers and the ability to create a Claim of Lien from any completed Notice to Owner, at no additional charge.
Notice to Owner
The State of Florida statute dictates that any Contractor or Supplier not having a direct contract with the property owner is required to file a Notice to Owner (NTO), in order to secure their right to file a Construction Lien. The NTO document notifies the owner the filing company is providing labor or materials for their project and will have the ability to file a claim against their property if payment is not received. When State requirements are met; This document secures the rights of the contractor or supplier and ensures their payment is received on their terms.
Construction Liens
A Construction lien is one of the most powerful tools for contractors, subcontractors, and material suppliers. When filing a Construction lien, you are attaching a claim to the actual property, which typically prompts the owners of said property to settle and pay you what is owed.
Having the ability to file a Construction Lien on a property is the best method to ensuring you will collect for improvements you provide on any given project. However, in order for this to be successful, it’s important to understand how these laws work within the State and what exactly the law requires.
WHY CHOOSE LIEN RIGHT NOTICES?
With over 40 years of experience; our knowledgeable staff can help you implement the necessary steps, determine best practices for your business and provide support throughout the process. Our Customer Service professionals are always available to assist and ensure your experience with us is nothing less than exceptional. Whether you have a question regarding the state requirement or simply need some assistance with your document request; our team is just a phone call away.
Want to learn more? Call us today … so we can secure your tomorrow.