For all public/private construction projects in Minnesota, a new law dictates when final payments must be made. For all contracts entered on or after August 1, 2019, owners and general contractors must release retainage to subcontractors no later than 60 days after “substantial completion” of a project. This is a substantial departure from current law,
TTLO Law partner Jennifer A. Thompson has been elected to serve as Treasurer of the Minnesota State Bar Association. Thompson’s engagement in the MSBA additionally includes serving as Chair of the Membership Committee and as a member of the Council and Assembly; she formerly served as Secretary of the MSBA and as past-Chair of the
TTLO Law partner Patrick J. Lee-O’Halloran has been elected to serve as Chair of the Minnesota State Bar Association’s Construction Law Section’s Governing Council. TTLO Law partner Jason C. Tarasek was re-elected as a member of the Section’s Governing Council. With over 300 members, the Construction Law Section enhances the skills of Minnesota attorneys and
Whether you’re providing homeowners with access to the homeowner association’s governing documents, trying to manage a construction project for the association, or meeting the association’s discovery obligations in a lawsuit, good record keeping is essential to the proper governance of a Minnesota homeowners’ association. Many associations do not have good recording keeping policies and practices in place. One of
It’s critical to carefully manage contractor payments on your construction project. Whether it’s a new home or a large remodel, failing to do this can expose Minnesota homeowners to significant risk. Understanding a few simple concepts can assist homeowners in greatly reducing this risk. Follow a Payment Schedule. Most homeowners hire a general contractor to complete
It was supposed to be the home renovation project of your dreams, but you’re six months in and your contractor isn’t answering your calls, ninety percent of your construction loan has been drawn, and you have subcontractors telling you they haven’t been paid. The dream is quickly becoming a nightmare. Luckily for you, though, if
Recent amendments to MCIOA have added additional layers of complexity to managing an association’s common elements and, in particular, to bringing construction defect claims arising out of the original construction. Associations new and old should take note of the new requirements and how it will affect them. Amendment’s Effect on Construction Defect Claims for Associations
In Minnesota, construction projects come in all shapes and sizes, be it a small remodel of a kitchen or building a billion-dollar football stadium. Regardless of a construction project’s size, more often than not, subcontractors are critical in seeing the project through to completion. Minnesota Statute § 337.10 requires prompt payment to subcontractors working in
For many associations, assessments cover the cost of maintenance, landscaping, water, snow removal, and other important expenses. Timely payments of assessment dues are a significant part of maintaining a successful homeowners’ association. The following are collection tips for associations who have members currently past due on their monthly assessments. 1. Check the Payment Ledgers. Whether
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