Lien claims can be an unfortunate reality of even the best-laid development plans. Owners or developers facing a lien claim can be held liable to lenders, landlords or investors for liens filed on project property if they are not careful. When faced with lien claims, I recommend that owners and developers ask five questions:

  1. Is the lien claimant licensed?
  2. What are the lien deadlines?
  3. Was the claim filed correctly?
  4. How’s the math?
  5. Have you contacted your contractor?

These issues and other considerations for reviewing lien claims are in my latest article in the Daily Journal of Commerce. To read more, click here.