You own a piece of commercial property. One of your tenants hires a plumbing contractor to install top-of-the-line plumbing fixtures for his business. Yet your tenant falls on hard times, and is unable pay the plumber. Fast forward a few months and now the plumbing contractor has filed a lawsuit seeking to foreclose on your commercial property. How is this possible? You the property owner did not hire the plumber. You were not even aware your tenant had hired the plumber. And you certainly did not enter into any contract or make any agreement with the plumber. The answer lies in NRS 108, Nevada’s lien statute, which offers the potential remedy of judicial foreclosure to contractors who are shorted on their bill..Read more
Wait, I Am Getting Foreclosed On? The Far-Reaching Scope of Mechanic’s Liens
On Behalf of Marquis Aurbach Chtd. | Oct 5, 2022 | Real Estate |
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