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A Mechanic's Lien is also known as a Construction Lien or a Supplier's Lien. This document is used by a company that has supplied labor or materials to a property. The lien will allow this business to create a security interest in the property. This will ensure that the business receives payment for their labor and materials.
Various information is needed in order to fill out a Mechanic's Lien. The state and county that the lien is created in will be required. The business stating the secured interest will need to include their information, such as name, address, and license number. A description of the services or materials rendered will ensure that the business is covered for all their labor and supplies in the event of non-payment.
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What is it?
A mechanic's lien is a document preserving the property title interest of contractors. It basically protects contractors from liability should problems arise with the property. If you work in one of the many contracting professions, such as a car mechanic or a carpenter, you'll want to have a mechanic's lien template on hand. To make this easy and worry-free, a mechanic's lien form has been broken down into its basic components in the following article.
Involved Parties
This is a no-brainer. It simply means the names and addresses, as well as contact infomation, of the lienor (the person or entity claiming the lien), the lienor's attorney, and the owner of the property against which the lien is being claimed,
Details of Labor/Materials
In this section, provide all details of the contract. This includes descriptions of the actual labor performed, details of payment, and the dates between which services were rendered.
Description of Property in Question
This should be as detailed as possible. Include the address of the property and construction specs like size and material. If the property in question is a vehicle, you should provide the color, make, model, year and license plate number.
Details of Location
Provide the address at which the contractor performed the services. You should also include the type of building the site is, such as "industrial lot" or "private residence."
Signatures
As with any legal form, the mechanics lien is not legal until it has been signed by all involved parties . The signing process must take place in the presence of a notary public, who should also sign and date the document.