Bill > SB136

This bill establishes a payment assurance program for registered design professionals, including architects, landscape architects, professional engineers, and professional surveyors, who provide services related to commercial real estate in Ohio. The key provisions of the bill include: 1. Granting these design professionals a lien on the commercial real estate where their services were provided, as long as they have a written contract with the property owner. 2. Outlining the process to perfect the lien by filing an affidavit with the county recorder's office, and the timeline and procedure to enforce the lien through the courts. 3. Requiring the design professional to release the lien once the underlying claim is satisfied, and allowing other interested parties to record an affidavit to indicate the lien has been extinguished. 4. Providing a mechanism for interested parties to substitute financial security in place of the lien, which would then result in the court directing the release of the lien. The goal of this legislation is to establish a consistent process for registered design professionals to secure payment for their services on commercial real estate projects in Ohio.

Government Affairs

https://www.legislature.ohio.gov/legislation/legislation-summary?id=GA133-SB-136