...But I Already Paid My Contractor
As if property ownership was not already stressful enough, did you know that if your contractor fails to pay their subcontractors you could face a lien being placed on your property – even if you have paid the contractor for the subcontractor’s work? Mechanic’s liens are a legal claim to your property securing payment of supplies purchased and/or work performed by anyone in the contracting chain for qualifying services. If a mechanic’s lien is placed on your property, selling the property may be very difficult until the lien is removed.
In addition to vetting your contractor for quality work and timeliness, you should also insist on strict compliance with the payment system required to protect yourself under Illinois law. While the system is not perfect in all situations, following the system will protect you in the vast majority of cases. If you need assistance with implementing a system for your project, we would be happy to help.