W. Mason – Fox Rothschild LLP – March 10, 2014 When an improvement covered by property damage insurance is damaged or destroyed and the owner, contractor, or subcontractor is paid for the destroyed improvement, the person or entity receiving the insurance proceeds holds those funds in trust for the lienors holding liens related to the… Continue reading Florida Construction Liens: Insurance Proceeds And Construction Liens
Florida Construction Liens: Licenses And Construction Liens
W. Mason – Fox Rothschild LLP Florida law governs who can enforce a construction lien. Under the construction lien statute, a contractor, a subcontractor, a sub-subcontractor, a material man who contracts with an owner, a contractor, subcontractor, or sub-subcontractor; a laborer, or a “professional lienor” are entitled to enforce a construction lien under the statute.… Continue reading Florida Construction Liens: Licenses And Construction Liens
Florida Construction Liens – Property Subject To A Construction Lien
W. Mason – Fox Rothschild LLP – March 6, 2014 As a threshold matter, it is often important to determine whether Florida law permits a construction lien to be placed on a particular property. In order for Florida lien law to be applicable to a property, there must be a contract between a person performing services and/or… Continue reading Florida Construction Liens – Property Subject To A Construction Lien
Florida Construction Liens: An Introduction To Florida’s Construction Lien Statute
W. Mason – Fox Rothschild LLP – March 10, 2014 I. Introduction A claim of lien is an encumbrance against real property created by state law for the purpose of securing payment for labor, materials, or services expended to improve the real property. While there are many types of liens, the most important class of liens to contractors and subcontractors… Continue reading Florida Construction Liens: An Introduction To Florida’s Construction Lien Statute
Payment of Overhead and Profit
Corey Harris – March 6, 2014 One common problem that has been arising is when overhead and profit should be paid in response to a property insurance claim. For those not aware, overhead and profit (generally estimated at 20% of the total amount of the estimate) is intended to cover the overhead/operating costs of a… Continue reading Payment of Overhead and Profit