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Florida Notice of Bond Form - Construction - Mechanic Liens -...

Fl Bond Construction

Name: Florida Notice of Bond Form - Construction - Mechanic Liens - Corporation or LLC
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.65 (268 reviews)

Category:

Florida Liens - Construction - Mechanics

State:

Florida

Control #:

FL-03220A

Format:

Instant download

Description

This form is for a corporation or limited liability company to advise a claimant that has filed a Claim of lien that the project is secured by a bond.

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How to fill out Florida Notice Of Bond Form - Construction - Mechanic Liens - Corporation Or LLC?

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FAQ

Must be recorded with the clerk of court in the county(ies) where the project is located within 90 days of last furnishing. 3. The recording fee in the majority of the counties within the state of Florida is $10.00 for the first page and $8.50 a page thereafter. Cost may vary by county.

A Release of Mechanic's Lien Bond is a type of surety bond that clears the mechanic's lien from the property. These bonds can also be called a Discharge of Mechanic's Lien Bond. By clearing the lien, the owner is free to sell or use the property for other purposes.

When your efforts to collect a bill from a business that owes you money have been unsuccessful, you can place a lien on the assets of the business. As a lienholder, you gain legal rights to the company's property and the authority to sell the property and use the proceeds to repay what is owed to you.

The most common way to reduce or even eliminate mechanic's lien risk is through the use of lien waivers. A lien waiver is a private agreement in which a party surrenders the right to file a lien in exchange for payment.

Make sure the debt the lien represents is valid. Pay off the debt. Fill out a release-of-lien form. Have the lien holder sign the release-of-lien form in front of a notary. File the lien release form. Ask for a lien waiver, if appropriate. Keep a copy.

The process of bonding off a mechanics lien starts after a claimant has filed a mechanics lien. After the claim is made, a general contractor or a property owner can contact a surety bond company to purchase a surety bond that replaces the value of the lien that was filed against the property.

A Florida mechanics lien must be in the proper format and filed in the county recorder's office in the county where the property is located within the required timeframe. To record a lien in Florida, you will need to bring your completed Claim of Lien form to the recorder's office and pay the filing fee.

The release of lien bond allows the owner to discharge the mechanic's lien and returns the legal right to sell or deal with the property to the owner. The bond guarantees the contractor who placed the lien any payment that is still due to them with interest and cost should they win the case in a court of law.

Fl Bond Construction

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FAQ

How much does it cost to file a lien in Florida?

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How do I protect myself against a mechanics lien?

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Fl Bond Construction

Description

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How to fill out Florida Notice Of Bond Form - Construction - Mechanic Liens - Corporation Or LLC?

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Trusted and secure by over 3 million people of the world’s leading companies