Wednesday, August 7, 2013

Lien Law Online eLert for 8/6/2013 - Missouri

August 6, 2013

Changes to Missouri's Mechanic's Lien Statute pertaining to a lien claim for rental of machinery or equipment will go into effect August 28, 2013.  This statute does not apply to those who use rented machinery or equipment in performing their work, rather it applies to those claiming a lien solely for the rental of the machinery or equipment on a commercial project.  Such a lien is permissible for a claim that exceeds $5,000.00, for the reasonable rental value of the equipment, while on the subject property, and does not require proof of use of the machinery or equipment on the property.

The changes include, first, the time for giving the property owner written notice that rental machinery or equipment is being used upon their property.  The time for notice has changed from five to fifteen business days from the commencement of the use of the equipment.  In addition, inclusion of the rental rate as a part of the written notice is no longer required.  As such, the written notice required must now include only the identity of: (1) the name of the entity that rented the machinery or equipment; (2) and the machinery or equipment being rented. 

Darcy V. Hennessy & Leslie A. Boe (Contributing Authors)
Hennessy, Boe & Gondring, P.A

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