Loren Electric

[HansonSigns]

Well, here I go again. Did a takedown (Payless Shoes) for Loren Electric, and 90 days later..... no pay. Called 'em, called 'em, called 'em, get the run around. Finally gave me their acccountants phone number - Shelly has apparently been "out" for awhile so no checks have been cut. But she's "back" now, and is supposed to be in the office in the afternoon, and they will let her know I've called.

Anyone else experiencing this?

[AimSign]

Yes, they are slow payers. We received half payment for a job at 85 days after threatening to sell the debt to an agency, then sold the remainder anyway for .75 on the dollar. Agencies pay the most for debt that is <30 days, so it's useful just to ask for partial payments sometimes to keep the debt current. Another tactic that depends on state law, have your lien paperwork ready and state to the sign contractor: "Look, we don't want your customer to get this Lien Notice on a sign they've probably already paid you for. It's our policy to file lien at 90 days unless we know you've sent payment." Even if your state works differently, the slow payer is not likely to call your bluff.

[HansonSigns]

Just got a call that they have mailed the check today - we'll see!

[MattRobin]

NO one is paying right now. I would like to know what verbiage other sign companies are placing on their terms to cover all of the deadbeats out there. I know in PA that you are not allowed to remove a sign from someone's premises after it is installed. Any loopholes out there?

[fishing nut]

. Any loopholes out there?

A while ago when I had an out of state install, the installer sent me a letter that I had to sign along with the property manager and store owner that basically stated that all parties are aware that if the installation was not paid for in 30 days the sign company had the rite to remove and keep the sign.

I prepaid and post dated the check for one day after the schedualed install and sent him a letter he had to sign that if the sign was not installed on the schedualed date the check would be cancelled and a new one cut deducting a daily cost.

I adopted it and worked well. This way all parties are aware. You may want to send a copy to local municipalities so you dont get arrested when taking it down, if it comes to that.

You are correct that you can not take a sign down (without permission) because once it is on the building it is not the tennants but the person who owns the building.