Unpaid Broker’s Mechanic’s Lien in New York
Filing an Unpaid Broker’s Mechanic’s Lien in New York with Speedy Lien
In New York a real estate broker or salesperson can use a mechanics’ lien to collect an unpaid commission after procuring a tenant for a commercial landlord pursuant to New York Lien Law § 10.
Brokers and contractors often find themselves navigating financial disputes over unpaid services. When these disputes arise in New York, one effective recourse is the filing of a mechanic’s lien. For brokers seeking to protect their interests swiftly and efficiently, Speedy Lien provides a valuable service to filing a mechanic’s lien for unpaid . Here’s a comprehensive guide to understanding and utilizing this process.
Understanding the Mechanic’s Lien
A mechanic’s lien is a legal claim against a property by a contractor, supplier, or broker who has provided labor or materials and has not been paid. This lien ensures that the property cannot be sold or refinanced until the debt is settled, thereby securing payment for the services rendered. In New York, brokers can file a mechanic’s lien if they have facilitated services that directly improve the property, such as securing materials or services necessary for construction or renovation.
Eligibility Criteria for Filing a Broker’s Mechanic’s Lien
Before filing a lien, brokers must meet specific criteria:
- Procured a commercial tenant for the landlord.
- Lease term of no less than 36 months.
- Must have a signed written agreement.
Utilizing Speedy Lien for Filing
Speedy Lien streamlines the filing process, ensuring accuracy and compliance with legal requirements. Here’s the steps to filing a mechanic’s lien with Speedy Lien:
- Intake Questionnaire: Speedy Lien’s platform simplifies the process. Submit your claim through our website: Speedy Lien – File a Broker’s Lien for Unpaid Commission
- Timely Filing: Speedy Lien ensures that all documents are filed within the statutory deadlines, protecting the broker’s right to claim.
- Notification Services: Speedy Lien serves the property owner promptly, adhering to legal requirements and preventing disputes.
- Legal Support: Through Speedy Lien, brokers can access legal support to guide them through the enforcement process if the debt remains unpaid. You have the ability to file a foreclosure for non-payment of your lien.
Benefits of Filing a Mechanic’s Lien with Speedy Lien
- Efficiency: Speedy Lien expedites the filing process, allowing brokers to secure their claims quickly.
- Accuracy: The platform ensures that all necessary information is accurately included, reducing the likelihood of rejection.
- Compliance: Speedy Lien’s adherence to New York’s legal requirements ensures that filings are valid and enforceable.
- Peace of Mind: Brokers can focus on their work, knowing that their financial interests are protected by a professionally managed lien process.
Conclusion
Filing a broker’s mechanic’s lien in New York is a crucial step for securing unpaid services in the real estate and construction industry. Speedy Lien offers a streamlined, efficient solution to manage this process, ensuring compliance with legal standards and providing peace of mind to brokers. By leveraging Speedy Lien, brokers can safeguard their financial interests and maintain the integrity of their professional relationships.
Call the Speedy Lien Team for a free consultation of your lien rights.
Dillon Nash, Executive Vice President
The Speedy Lien Team
212-203-7420 or 516-679-6702 or 203-718-3800
• 315 Madison Avenue, New York NY 10017
• 200 Garden City Plaza, Garden City NY 11530
• 470 Main Street, Ridgefield CT 06877
