New York’s Mechanic Lien Requirements

In New York, liens filed on private property or on funds relating to a public project are known as Mechanic’s Liens. When a New York mechanics lien is filed with regard to work performed on privately owned property, it attaches to and encumbers the fee simple ownership of property. When a New York mechanics lien […]

Filing Your New York Lien

Lien Filing in the Empire State Who can file: As is the case in most states, contractors, as well as subcontractors, sub-subcontractors and suppliers who have a contract with a general contractor or a subcontractor can file a New York mechanics lien.Prenotices: New York is one of the few states that does not require a preliminary […]

Shifting Construction Lender Priorities Can Be A Boon for Lien Claimants

New York is a big state with a lot of property changing hands, a lot of financing moving forward at fast clips, and a lot of paperwork being filed with county clerks. With so much going on, NY predictably created a complex system of laws relating to when, how and where closing papers such as […]

Pay if Paid v. Pay When Paid Clauses – Which is Which and Who Cares?

Over the last four years we’ve all had to deal with the funding crashes that followed the 2008 financial crisis.  In those four years, many have also learned the difference between pay-if-paid clauses and pay-when-paid clauses. But what is the difference between the two, when should each one be used, and why should it matter […]