If your contractor fails to pay the subcontractors and suppliers, YOU are responsible, despite the very fact that you have not contracted directly with the subcontractor or supplier. Under Texas regulation, if a subcontractor or supplier who furnishes labor or materials for the development of enhancements on a property just isn’t paid, the property may be topic to a lien for the unpaid amount. Make positive everything promised to you is in the written contract. Insist on a written contract that specifically states what the contractor will do, when the work will start, and when it goes to be accomplished. Make certain the contract contains every thing the salesperson or contractor promised and spells out the value of particular orders and materials.
- As rates of interest fell, they refinanced their home, taking out cash in the course of to supplement their savings so they may start the work instantly.