Montana Code 71-3-526. Amount of lien
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71-3-526. Amount of lien. (1) A person who has furnished services or materials pursuant to a real estate improvement contract is entitled to a lien for the unpaid part of the person’s contract price, subject to the provisions of 71-3-524.
Terms Used In Montana Code 71-3-526
- Contract: A legal written agreement that becomes binding when signed.
- Contract price: means the amount agreed upon by the contracting parties for performing services and furnishing materials covered by the contract, increased or diminished by:
(i)the price of change orders or extras;
(ii)any amounts attributable to altered specifications; or
(iii)a breach of contract, including but not limited to defects in workmanship or materials. See Montana Code 71-3-522
- Lien: A claim against real or personal property in satisfaction of a debt.
- lien: means a lien against real estate arising under this part. See Montana Code 71-3-522
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(2)A person’s lien is reduced by the sum of the liens of persons claiming construction liens through that person.