In this episode of The Builder Law Podcast, we dive into Nevada’s mechanics lien laws, covering essential details contractors, subcontractors, and property owners need to know. We discuss the proper process for filing and enforcing a lien, including critical deadlines, lien amounts, and the impact on property sales and refinancing. Learn about Nevada’s unique lien requirements, retention policies, and how disputes can be resolved through negotiation and litigation. Whether you are a contractor seeking to secure payment or an owner protecting your property, this episode provides key insights on how to navigate Nevada’s construction laws.
About The Show:
In this episode of the Builder Law Podcast, we explore essential tips for developers navigating construction projects in Nevada. From the importance of vetting local contractors and legal counsel to negotiating clear contracts and handling disputes, we cover the key steps to ensuring a successful project. The episode emphasizes proactive communication, understanding change orders, and using contingency budgets effectively to manage unforeseen issues. With insights on Nevada’s Prompt Payment Act and strategies for resolving disputes without litigation, this episode provides valuable guidance for developers to protect their interests and avoid costly pitfalls in the construction process.
Timestamps:
[00:00 – 01:00] Introduction to Nevada mechanics lien laws
[01:00 – 02:40] The importance of timely recording a lien and filing deadlines
[02:40 – 04:15] The lien process and requirements for enforcement
[04:15 – 06:00] Proof and documentation needed for lien claims
[06:00 – 08:00] Deadlines for filing liens and the implications of missing them
[08:00 – 09:50] Calculation of the lien amount and what can be included
[09:50 – 12:00] Change orders and their impact on the lien claim
[12:00 – 13:50] Retention funds and when they can be included in a lien
[13:50 – 15:43] The timeline for filing a lawsuit to foreclose a lien and how it affects the property
[15:43 – 18:00] How to determine the lien amount and when to file a lien claim
[18:00 – 20:50] Retention funds, early lien filing, and strategic considerations
[20:50 – 22:31] The impact of a lien on property sales and refinancing
[22:31 – 23:26] Enforcing a mechanics lien and resolving disputes
[23:26 – 24:25] Final advice for contractors and property owners navigating Nevada’s lien process
[24:25 – 25:00] Closing remarks and call to action