| improvements have already been made, and it will not significantly benefit the worker to demolish the work. Thus, unscrupulous owners could simply lock the tradesman out of the property, retain the benefit, and refuse to pay. Additionally, as a society we benefit by current interest rate on home refinancing improvements to buildings, and knocking them down as a resolution to disputes is economically inefficient. Because of the difficulties inherent in contract suits, most clearly time and cost, states decided to provide a simpler procedure for putting pressure on an owner to pay current interest rate on home refinancing claim, short of executing a judgment. While the mechanics lien is overall a benefit to the worker, there are protections in the process for the owner. Generally, the worker must follow a strictly constrained process, and failure to follow that process will invalidate the lien. Some parts of that process are intended to prevent disputes from occurring, current interest rate on home refinancing as a structure of mandatory notices and disclosures that provide the owner an opportunity current interest rate on home refinancing ensure that the project's finances are being properly managed, in addition to being able to monitor the physical progress of the work. Real property of the government is ordinarily not subject to the claims of private parties, and a purported state-law mechanic's lien against government land is generally void. However, the personal property of the state, namely the funds allocated for the project, are lienable, at least in current interest rate on home refinancing states. To protect subcontractors and suppliers of US federal government construction projects where the contract price exceeds $100,000.00, the |
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