Even with a good business and a sound written contract in place, you shouldn’t pay in full until the work is complete and you have got inspected it your self and found it passable. A partial cost schedule will normally specify what part of the job has been accomplished when a partial fee is due. Inspect the work and ensure the contractor has met the schedule earlier than you make your payment. When you sign a contract for home enhancements on your homestead, the contractor can legally place a lien on the homestead. If you sign a contract containing the language quoted above and also you fail to make the funds, the company can take away your home. Therefore, it is extremely important that you simply perceive precisely what your obligations might be underneath the contract, and that you’re assured you possibly can meet these obligations.
- Meanwhile, Brad turned thinking