New Mexico Preliminary Notice With Lien

State:
New Mexico
Control #:
NM-13-09
Format:
Word; 
Rich Text
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Description

The New Mexico Preliminary Notice with Lien is a legal document that informs property owners and construction lenders about the provision of labor, services, equipment, or materials related to a construction project. This notice is essential for subcontractors and suppliers to ensure they have the right to claim a lien if not paid in a timely manner. Users must complete specific sections of the form, including details on the description of the work, total price estimate, and the people involved in the transaction. It is also crucial to submit the notice to both the owner and the construction lender via certified mail or personal delivery. Legal compliance is emphasized by requiring notarization of signatures. The primary audience for this form includes attorneys, partners, owners, associates, paralegals, and legal assistants, who may use it to protect their interests in construction projects. Familiarity with the process helps ensure that all necessary parties are notified, reducing the risk of payment disputes and potential legal consequences.
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FAQ

About New Mexico Notice of Intent to Lien Form No one wants to be forced to file a mechanics lien, and this document gives all of the parties involved one final chance to take care of the payment issues on a project. This form advises the party that a lien will be filed if payment is not received within 10 days.

New Mexico provides mechanics lien protection to ?every person performing labor upon, providing or hauling equipment, tools or machinery for or furnishing materials to be used in the construction, alteration or repair of? a construction project. Protection in New Mexico is fairly broad.

Preliminary Notice: Required within 20 days of first delivery. This notice is only required in order to file a Stop Notice. A lien can only be claimed on funds the owner has not yet paid to the original contractor. The preliminary notice is not required to file a lien, only to file a Stop Notice.

To properly attach the lien, the creditor files the judgment with the county clerk in any New Mexico county where the debtor owns property now or may own property in the future.

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New Mexico Preliminary Notice With Lien