Construction Lien Form Nj

State:
Multi-State
Control #:
US-01740
Format:
Word; 
Rich Text
Instant download

Description

The Construction Lien Form NJ is a legal document used to waive and release a lien for labor, services, or materials provided to a property, ensuring that the lienor agrees to relinquish their right to claim a lien upon receiving final payment. This form is essential for contractors, subcontractors, and suppliers who have provided services or materials but seek to formalize the release of their lien rights upon payment. It requires detailed information, including the payment amount, project completion date, customer details, and property owner's information. Users must fill in all the specified fields accurately, sign the document, and date it accordingly to ensure its legality. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law and real estate transactions. It helps protect both the property owner's rights and the lienor's interests by clarifying financial obligations and preventing future disputes. In completing this form, clarity and precision are vital to avoid any potential legal issues. Therefore, following the filling instructions closely will aid in effectively managing construction projects.

How to fill out Waiver And Release Of Lien By Contractor?

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FAQ

Must first file a Notice of Unpaid Balance (NUB) and Right to File Lien with the county clerk within 60 days of the last day they provided materials or services for the project, before a construction lien can be filed against the property.

Serving notice In New Jersey, when a lien claim is filed, a copy of the lien must always be sent to the property owner within 10 days of filing. The copy must be signed, dated, and stamped by the county clerk. If you didn't contract directly with the property owner, a copy must also be sent to the general contractor.

After a creditor sues you and wins a judgment in court, the judgment can become a lien on all real estate owned by the debtor. Law Division judgments for money damages are a lien against any real estate owned by the defendant in the State of New Jersey.

THE PARTY ENTITLED TO A CONSTRUCTION LIEN A contractor, subcontractor, or supplier that provides work, services, materials, or equipment to improve privately owned real property may claim a lien on the privately owned real property to secure payment (N.J.S.A. 2A:44A-3).

A construction lien must be filed within 90 days from the date the last work was performed, or from the last date on which materials, services or equipment was provided. The construction lien must be filed with the county clerk for the county in which the property to be subject to the lien is located.

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Construction Lien Form Nj