Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

presented by

User Stats

12
Posts
2
Votes
Shawn Loftis
  • Investor
  • Littleton, CO
2
Votes |
12
Posts

Contractor bill issue - legal / ethical advice - Colorado

Shawn Loftis
  • Investor
  • Littleton, CO
Posted

So - I had hail damage from the May 8th storm. I hired a general contractor to make restorations. We are having an issue over $1800 of non-recoverable depreciation. He thinks I owe it and I don't.

Once the repairs are complete, can I withhold any of the money owed until there is an agreement on the $1800? Basically, I want to pay the "final" amount due - Not the amount I feel I owe and then still have the $1800 hanging out there. If i do that then I don't have any leverage to close the issue.

It was around a $30K job. I have paid $19k. We pretty much agree on everything other than the $1800 and one or two items on the Statement of Work.

Can I legally hold 10-20% of the job back until they give me full lien release? There isn't much in the contract outlining payment disputes. Just that I owe the balance upon completion and will be charged 1.5% interest on the balance. 

What are my options? 

Thanks,

Shawn

Loading replies...