Minnesota law contains provisions whereby contractors, subcontractors, and property owners, are all legally obligated to provide one another with information required to protect their various interests. In this form, a subcontractor demands to know the name and address of the property owner, in order to keep the owner advised as to labor and materials furnished by the subcontractor. The contractor has ten days to respond or become liable for any damages that the subcontractor suffers as a result.
Minnesota Subcontractor's Request for Information - Individual
Category:
State:
Minnesota
Control #:
MN-03-09
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Word;
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FAQ
If a lien is filed against your property (in the form of a lien statement), it must be filed with the county recorder and a copy delivered to you, the property owner, either personally or by certified mail, within 120 days after the last material or labor is furnished for the job.
Have a current license, certificate or registration issued by the agency; are an employee of a business performing construction services; have a current residential building contractor or remodeler certificate of exemption; or. are excluded from registration requirements under Minnesota Statutes 326B.
A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt.A lien serves to guarantee an underlying obligation, such as the repayment of a loan. If the underlying obligation is not satisfied, the creditor may be able to seize the asset that is the subject of the lien.
The notice must inform the homeowner of the contractor's right to lien the property, and the right to pay off any subcontractors that haven't been paid by the general contractor.
If a lien is filed against your property (in the form of a lien statement), it must be filed with the county recorder and a copy delivered to you, the property owner, either personally or by certified mail, within 120 days after the last material or labor is furnished for the job.
When a contractor files a mechanics' (construction) lien on your home, the lien makes your home into what's called security for an outstanding debt, which the contractor claims is due and unpaid for services or materials.
You (and any subcontractors) must submit a Contractor Affidavit (Form IC134) to the Minnesota Department of Revenue to verify you have met state withholding requirements.
Posting a Bond Asselta says to expect to pay 110 percent of the lien amount. Submit the bond to the court. The lien will then transfer to the bond and clear the property's title. Wait for the contractor claimant to foreclose on the lien in the allotted period to dispute the lien in court.
