Understanding Mechanic’s Liens in Colorado: How to Use Them to Protect Your Interests
Perhaps you’re a contractor in Colorado who has completed some work at a client’s home, but you haven’t been paid for your services. Or maybe you’ve hired a contractor to make repairs at your home, but the repairs were either not made according to building codes or they were left unfinished. Or perhaps you hired a contractor and it failed to pay its subcontractors, who are now looking to you, the property owner, for payment. Whatever the situation, it’s important to understand what mechanic’s liens are and how they operate in Colorado.
A mechanic’s lien is a method created by statute that permits a person who has conveyed labor, materials or services to secure an interest in another’s property to encourage and enforce payment.… » Read the full post