Articles — materialman's liens
Posted by Stephen Marshall on
The Kentucky General Assembly recently wrapped up its 2023 Legislative Session. There was no movement on most of the bills that would have been detrimental to rental owners, but one bill was passed into law that is concerning. KRS 376.010 is known as the Mechanic's Lien Statute. You can read it here. It lays out the terms under which a contractor has the right to put a lien on real estate because he provided labor or materials to improve the property but was not paid for his work. Liens were available if the contractor provided the labor or materials under an agreement with...
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- Tags: lease provisions, legislation, liens, materialman's liens, mechanic's liens, state legislation