This package is designed to assist the corporation or limited liability
company who provides labor, materials or services to improve real property
in recovering money owed through a lien on the improved property. This
package includes (1) Information about the Construction or Mechanics Lien
Procedure, (2) Forms List, (3) Description of Forms, (4) Tips on completing
the forms using form fields, (5) Forms, and (6) Access to a Law Summary for
your state. This package does NOT include forms for the owner of the
improved property.
Idaho Mechanics Lien Form With Decimals
Category:
State:
Idaho
Control #:
ID-P091A-PKG
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Idaho Construction Or Mechanics Lien Package - Corporation Or LLC?
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FAQ
A mechanic's lien is a "hold" against real property that, if unpaid, allows a foreclosure action, forcing the sale of your property. It is recorded with the County Recorder's office by the unpaid contractor, subcontractor or supplier.
First, a lien must be filed against the property. Then, a bond (or a cash deposit) is filed with the register of deeds or court, as a substitute for the encumbered property. The amount of the bond may vary based on state statute, though frequently is 110% to165% of the amount of the lien.
A mechanic's lien of record upon real property may be released upon the posting of a surety bond in the manner provided in sections 45-519 through 45-524, Idaho Code."
It is filed in the county court where the property is located. The lawsuit documents must be served on all of the defendants involved. Defendants are allowed enough time to respond to the complaint. In Idaho, the claimant must file the lien within 90 days after providing the labor, supplies or materials.
A mechanic's lien is a statutory lien secured by real or personal property for labor or materials used to improve, maintain, or repair property. The mechanic's lien provides a security interest that can be enforced by the holder against the piece of property if the debt is not paid.