Residential Construction Agreement (Page 6 of 6) in pdf

Residential Construction Agreement Page 6

EXHIBIT D

ACCORDING TO FLORIDA'S CONSTRUCTION LIEN LAW

(SECTIONS 713.001- 713.37, FLORIDA STATUTES), THOSE

WHO WORK ON YOUR PROPERTY OR

PROVIDE

MATERIALS AND ARE NOT PAID IN FULL HAVE A RIGHT TO

ENFORCE THEIR CLAIM FOR PAYMENT AGAINST YOUR

PROPERTY. THIS CLAIM IS KNOWN AS A CONSTRUCTION

LIEN. IF YOUR CONTRACTOR OR A SUBCONTRACTOR

FAILS

PAY

SUBCONTRACTORS,

SUB-

SUBCONTRACTORS, OR MATERIAL SUPPLIERS OR

NEGLECTS TO MAKE OTHER LEGALLY REQUIRED

PAYMENTS, THE PEOPLE WHO ARE OWED MONEY MAY

LOOK TO YOUR PROPERTY FOR PAYMENT, EVEN IF YOU

HAVE PAID YOUR CONTRACTOR IN FULL. IF YOU FAIL TO

PAY YOUR CONTRACTOR, YOUR CONTRACTOR MAY ALSO

HAVE A LIEN ON YOUR PROPERTY. THIS MEANS IF A LIEN

IS FILED YOUR PROPERTY COULD BE SOLD AGAINST

YOUR WILL TO PAY FOR LABOR, MATERIALS, OR OTHER

SERVICES

THAT

YOUR

CONTRACTOR

SUBCONTRACTOR MAY HAVE FAILED TO PAY. FLORIDA'S

CONSTRUCTION

LIEN LAW IS COMPLEX AND IT IS

RECOMMENDED THAT WHENEVER A SPECIFIC PROBLEM

ARISES, YOU CONSULT AN ATTORNEY

238741.DOC

6 of 6

KCL 2004

Residential Construction Agreement Page 6