Lien Waivers from Contractors and Subcontractors
2nd post today about this rental. What an education!
Huge reno on a gutted house I bought this past Dec. Hired a licensed home builder general contractor to pull the permits and reno the property. He hired a crummy electrician. This guy has caused numerous delays, and has been a headache from the start. Shouldn't be my problem; that's why I hired a GC...
Anyway, now there's a dispute between my GC and his sub over about $300 in scope. The electrician sent me a text over the weekend telling me he's going to go file a lien on my property today. I don't know whether he did, was bluffing, or will soon. Seems unlikely as I understand even after he files the lien, he still has to litigate it to get a judgment or something.
Trying to figure out how best to protect myself. It's in my contract with my GC that I will require a lien waiver before final payment, contigent upon final payment. Can I require him to secure and provide one to me from his sub now that his sub is threatening the lien? Anyone out there had to deal with this before?