A homeowner contracts for $25,000 worth of work but only pays $18,000. The contractor files a lien. What is the maximum amount that can be claimed under Georgia lien law?
Correct Answer
D) $7,000 (unpaid balance)
Under Georgia lien law, a contractor can only claim a lien for the actual amount owed for work performed, which is $7,000 in this case.
Why This Is the Correct Answer
Under Georgia lien law, a contractor can only claim a lien for the actual amount owed for work performed, which is $7,000 in this case.
More ga-supplement Questions
A contractor discovers that a building permit was issued in error and the project violates setback requirements. According to Georgia regulations, what is the contractor's primary obligation?
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Which situation would require a Georgia contractor to obtain workers' compensation insurance?
A contractor receives a stop work order from the local building official. The contractor continues working despite the order. What is the typical penalty range?
A contractor's license expires on June 30th. They submit a renewal application on July 15th. What additional requirement must they meet?
A Georgia contractor completes work valued at $15,000 on March 1st. The property owner fails to pay. What is the deadline for filing a materialman's lien?
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According to Georgia building codes, what is the maximum allowable span for 2x10 floor joists spaced 16 inches on center using Southern Pine lumber?
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A Georgia contractor fails to complete a residential project and the homeowner files a complaint with the licensing board. The contractor's surety bond is $25,000. What is the maximum amount the homeowner can recover from this bond?