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Texas Fund Trapping Notice. In Mechanics lien law a Texas Fund Trapping Notice is a preliminary notice that parties on construction projects who are not directly contracted with the owner send in order to preserve the right to file a mechanics lien in the event of nonpayment in Texas. This document is called a Fund Trapping Notice because its ...
Mechanic's lien. A mechanic's lien is a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property. The lien exists for both real property and personal property. In the realm of real property, it is called by various names, including, generically, construction lien.
Lien waiver. In the mechanics lien process, a lien waiver is a document from a contractor, subcontractor, materials supplier, equipment lessor or other party to the construction project (the claimant) stating they have received payment and waive any future lien rights to the property (of the owner) for the amount paid.
During construction, make sure the subcontractors are being paid by obtaining copies of all lien release forms, which they should sign every time they are paid. Otherwise, they can file a lien on ...
Texas property records show that Hydroz is one of more than two dozen companies that have filed at least 72 liens since 2019 against sites developed by SpaceX and its contractors.
August 18, 2023 at 9:17 PM. Getty Images. A North Texas construction contractor was sentenced to five years of probation and three months in jail after pleading guilty to fraud, Parker County ...
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