We filed a lien in September 2020 and wanted to know if we can renew sooner than the (1) year is up?
3 replies
Jul 19, 2021
in NY, you are entitled to extend a lien. You likely need a court order, so you need to start early. You will need counsel.
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Jul 19, 2021
On commercial property, you can renew the lien the first time without a court order. You can also extend it 2 more times but would need a Court Order. On residential properties, you need a Court Order and can only renew the lien twice.
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Jul 20, 2021
You can….but it is best to wait until the year is almost up….b/c the 1 year extension will kick in on the date you file the extension, even if there is a month or two left upon the original filing.