1. The definition of “Contractor” in Florida’s lien law now includes construction managers, allowing them to have lien rights.
2. The term “finance charge” has been clarified in the law to include additional amounts specified in a credit agreement or contract.
3. New notice of termination requirements now differ depending on whether the contractor has a direct contract with the property owner. – The new amendments expand the allowable service methods for lien claims, including hand delivery, common carrier delivery service, registered mail, and posting on the construction site.
– Deadlines for time periods will extend until the end of the next business day if they fall on a weekend, legal holiday, or a day observed as a holiday by the clerk’s office.
– Attorney’s fees are awarded to the prevailing party in an action to enforce a lien that has been transferred to another security.
– The amount of the bond required to transfer a lien to a security has been increased, with cash deposited or a bond filed needing to be an amount equal to that demanded in the lien, plus three years of interest at the legal rate, plus the greater of either $5,000 or 25 percent of the amount demanded in the lien. 1. The amendments to Florida’s lien laws affect contractors, owners, lienors, and other parties in the construction industry.
2. The changes in lien laws will have a critical impact on how parties in the construction industry conduct business in Florida.
3. The amendments are expected to bring about significant changes to the processes and procedures involved in filing and enforcing liens in Florida.
https://www.saul.com/insights/blog/key-amendments-floridas-construction-lien-law-overview
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