Utilize a Pre-Lien Notice
At 2:00 in
How to Collect Money with a Lien
What happens here
Integrate a pre-lien notice into your proposal for one-off projects. A pre-lien notice is a legal document that allows you to place a lien on a property where you have made improvements, should the customer fail to pay for your services. It's crucial to research and understand your specific state's regulations regarding pre-lien notices (using resources like a computer with internet access) to ensure it is correctly executed and legally binding. The speaker emphasizes that specific text for this notice will be provided in the video notes, which should then be added to your project proposal document.
Goal: Protect your right to payment by legally being able to place a lien on the property if the customer defaults.
Tools and materials
- Computer/Internet Access N/A — Researching state-specific pre-lien notice regulations
- Project Proposal Document N/A — Documenting the terms of the project and payment agreement, including the pre-lien notice
What they say
(2,008 characters)Hide
What they say
(2,008 characters)Auto-generated from the video audio.