Section 2.4.7 Interest

• Jurisdiction: Arizona

Generally, a lien claimant is limited to the statutory rate of interest of 10% on its unpaid lien amount.

As noted earlier, the preliminary twenty-day notice to the owner must include, among other things, "[a] general description of the labor, professional services, materials, machinery, fixtures or tools furnished or to be furnished and an estimate of the total price thereof."⁶⁸ However, the statute does not require notice of contract interest. For this reason, the lien claimant will generally be limited...