SS/SB 357 - Currently, liens involving the rental of machinery or equipment to others who use the machinery or equipment are for the reasonable rental value while the machinery or equipment is on the property. This act does not require the machinery or equipment to be rented to others who actually use the machinery or equipment. Currently, parties claiming such a lien have to provide written notice to the property owner within 5 business days of the commencement of the use of the machinery or equipment that such machinery or equipment is being used on the property. The notice is required to include the rental rate. The act changes the notice to within 15 business days and removes the requirement that the notice include the rental rate.
CHRIS HOGERTY