Quote:
Originally Posted by Jas29
The problem with this is i wont have any money left over to complete the job once i pay the subs that have done there work like the company that provided the carpets and tiles is all done. I can afford to pay them with out losing money but what do i do if other people come after me for money that i don't have like the company that provided the the cabinets and counter tops
Also i don't think the liens will affect my grandparents because they do not have a mortgage on the house and they are not planning on selling it unless the lien will affect other things but to my understanding it shouldn't affect them
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That's when you list out the work finished and the payments made to the contractor.
Carpets - Done - Paid to Contractor on X Date. (Show proof of contractor signing the receipt)
Cabinets - Partial Finish - Not Paid Yet.
etc.
The problem is that sub contracts can lien your grandparents property. And not being an asshole, but if anything happens to your grandparents or they are going through the stages of planning a will or change of ownership. That lien will be a problem for you.
It's just better to get the sub contracts AND the contractor on site and list what's been paid and what's not. If the contractor is shady, call him out on it that the money has been paid and that the sub contracts should go after him.
I remember in business law that even if a contractor runs, the house is still liable for works/materials done.