Is a mechanics lien worth it?

Is a mechanics lien worth it?

While mechanic's liens can be a valuable tool, a contractor could utilize many other resources to protect itself from non-payment that might be less expensive and cumbersome: ... Payment of surety bonds; and. Getting guarantors of payment.Sep 1, 2006

What happens when a mechanics lien is filed?

With a lien, you can sue the property owner, those up the contracting chain from you, and the surety bonding the project. Without a mechanics lien, you have no security when you file suit on your breach of contract claim. With a lien, your claim has the property has security.Jul 1, 2010

How much does it cost to file a mechanic's lien in Texas?

Generally, filing a mechanics lien in Texas costs $26.00 for the first page and an additional $4.00 for every additional page. There are also additional costs related to certifying additional copies of the mechanics lien, which can be as low as $5.00 plus $1.00 for extra pages.Nov 18, 2020