The decision of filing a mechanic’s lien is certainly not a simple one to make. Your business most definitely has a relationship with others on any project. It may also be possible that it must be due to some good faith that payment is getting delayed on a job. The end result of this difficult is most of the time, many wait till the last minute to file a lien.
Although it is true that filing a mechanic’s lien still holds good if filed just the day before a deadline, it is always recommended that you try and file a mechanic’s lien as early as possible. This will help you in several ways and if you make any error while filling up the form or filing the lien, you can easily rectify the errors in time.
Reasons to File a Mechanic’s Lien as Early as Possible in Kansas
Waiting for the very last minute when it comes to filing a mechanic’s lien is not a good idea. Most of you may say that as long as you file it before the deadline, there is nothing wrong with it. However, here are some reasons for you to file a mechanic’s lien as early as possible.
- Safeguards against Errors: It may so happen that your mechanic’s lien in Kansas may have a few substantive or typographical errors that may easily render the lien as invalid. If you file the lien earlier than the deadline, you can easily have enough time in your hand to file the lien in a rectified manner and sort out the issue. Waiting for the very last minute will not give you enough time to get the errors sorted out and the deadline may pass.
- It Gets More Priority: It is important for you to understand that the sooner you file the mechanic’s lien, the more priority it will get. If a said property is foreclosed upon, all the proceeds from the sale of the property will be distributed to the lien claimants. The claimant with the most priority get it first followed by claimants with the least priority.
- Helps You Avoid Rush Charges: When you rush the process of filing a mechanic’s lien, it naturally increases the headache and also the possibility of making multiple mistakes. At the same time, it also increases various expenses since people tend to charge for those additional issues. This includes the lien filing and attorney services. When you file a lien as early as possible, it helps you avoid such rush charges. This is because the attorneys and the lien service providers get the document within a reasonable period.
- Avoid Problems With The Recorder: It is important for you to understand that working with county recorders can be a perfect nightmare. They may often come up with some extremely irrelevant and strange problems with the legal document. Irrespective of the fact that the county is correct or wrong, if they simply refuse to record it, you can lose the deadline that is bad for you. Thus, recording the lien as early as possible can help you avoid this problem.
As a former CEO of a medium-sized business, I have a lot of experience in different aspects of business and finance. Now that I am retired, I love to share my knowledge with others and also love to help young entrepreneurs create and grow their life-long passions.