When can original contractors claim a lien in New Mexico after finishing their work?

In New Mexico, original contractors can file a lien for unpaid work within 120 days after completing their contract work. This timeframe is significant because it establishes the period within which a contractor has the legal right to assert a claim against the property they worked on to secure payment. This ensures that contractors have a reasonable opportunity to collect any unpaid debts for the labor and materials they have provided.

Understanding this timeline is crucial for contractors to protect their financial interests and to ensure they act within the legal limitations set by the state. This 120-day period allows for the necessary time to assess the situation after completion and take appropriate legal action if payment has not been received, balancing the interests of both contractors and property owners.