Ky Mechanics Lien Form With Two Points

State:
Kentucky
Control #:
KY-P091-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package is designed to assist a sole proprietor 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.


Construction Lien package containing the forms needed by sole proprietors
who are suppliers of materials and services to impose a lien on the improved
property. This package does NOT include forms for the owner of the improved
property.

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  • Preview Kentucky Construction or Mechanics Lien Package - Individual
  • Preview Kentucky Construction or Mechanics Lien Package - Individual
  • Preview Kentucky Construction or Mechanics Lien Package - Individual
  • Preview Kentucky Construction or Mechanics Lien Package - Individual

How to fill out Kentucky Construction Or Mechanics Lien Package - Individual?

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FAQ

A mechanic's lien foreclosure action is a lawsuit commenced by the unpaid lienor to force the sale of the property so that the lien can be satisfied out of the proceeds of the sale; Contractor must foreclose within one year after work is completed; Action should be brought within two years after commencement.

How to file a mechanic's lien in Kentucky Affidavit of Motor Vehicle Sale (TC96-159) completed by the seller. Bill of sale from the seller on the autobody shop's letterhead (KRS 186.200) Kentucky Application for Title and Registration (TC96-182) Affidavit of newspaper advertisement publication & copy of the advertisement.

Ing to Kentucky Revised Statutes Chapter 376, contractors, subcontractors, material suppliers, equipment lessors, and design professionals can all file a mechanics lien in Kentucky. Except for design professionals, all other parties are not required to hold specific licenses for their lien rights to be effective.

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.

Every mechanics lien typically must contain the owner's name, a general description of the property and location, the name of the hiring party, the first and last date of work a description of the work performed, and the amount of money owed.

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Ky Mechanics Lien Form With Two Points