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August 2016
Welcome to this month's edition of the McManamy McLeod Heller, LLC monthly newsletter. Each month we share important information for the serious real estate professional. You can rely on MMH to update you on current changes in real estate law that will impact your business and to offer you practical ideas on how to provide your clients with the best customer service in town.
Mechanic's And Materialman's Liens
Georgia law permits a person who has supplied goods and/or labor to the improvement of real property the right to place a lien on said property if the work has not been paid for within 3 months after the date of completion of the work. After that time, the lien shall be valid for 365 days from the date of filing the claim of lien to file Notice of Suit. The lien shall be disregarded after 395 days from the filing of the lien if no Notice of Suit has been filed.
This is a concern for anyone improving or constructing a home, because the law allows subcontractors to file such liens as well.
A good way to prevent these types of liens from being filed upon property that you are working with is to obtain "lien waivers" from the contractors and subcontractors working on the property.
An "Interim Lien Waiver and Release upon Payment" can be used when there is a payment being made but the final work has not yet been completed.
An "Unconditional Waiver and Release Upon Final Payment" can be used when the final work has been completed.
 Have You Visited Our eNewsletter Archive?
 Missed a past eNewsletter or want to review a past article? McManamy McLeod Heller archives all of our past eNewsletters on our website at www.mmhfirm.com. Visit the site and click on the "View Our eMail Archive" button.
MMH Has 3 Locations to Serve Your Needs
Buckhead Location:
3520 Piedmont Road NE, Suite 110
Atlanta, Georgia 30305
Phone: 404-442-6600
Fax: 770-351-0940
Midtown Location:
621 North Ave NE Suite C100
Atlanta, Georgia 30308
Phone: 404-502-3334
Fax: 1-866-898-1099
Alpharetta Location:
11525 Haynes Bridge Rd. Suite 250
Alpharetta, Ga 30009
Phone 770-781-3000
Fax: 888-998-7373
Thank you for taking the time to read our newsletter.
Next month we will be presenting a topic on the Georgia Good Funds Statute.
We would love your input on topics for future issues. Please send your suggestions to info@mmhfirm.com.
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