Nevada Lien Law Summary

State:
Nevada
Control #:
NV-08A-09
Format:
Word; 
Rich Text
Instant download

Description

The Nevada lien law summary provides a detailed framework for understanding the mechanics of lien discharge processes in Nevada. Key features include the formal requirements for recording a discharge or release of a notice of lien, as specified under N.R.S. §108.2437. Users must fill in their name, company, address, and the legal description of the property involved. Instructions for modifying the form emphasize the need for precise property identification, and the provision of notice regarding any previous recordings. This form serves various use cases, particularly for attorneys, partners, owners, associates, paralegals, and legal assistants, ensuring they can efficiently facilitate the lien release process. It allows legal professionals to efficiently manage property transactions, protecting their clients' rights and clarifying ownership concerns. Effective use of this form can help minimize potential disputes over property liens, making it a critical tool in real estate and corporate law.
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How to fill out Nevada Discharge Or Release Of Lien - Corporation?

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FAQ

A mechanics lien is perfected in Nevada by recording a Notice of Lien with the country recorder where some part of the Project is located. There is a specific form in the statute (NRS 108.226) that must be used.

The Notice of Intent to Lien in Nevada must include the same information as the actual mechanics lien, including the following: The amount of the original contract. The total amount of all additional or changed work, materials and equipment, if any. The total amount of all payments received to date.

The Notice of Right to Lien must be delivered in person or by certified mail to the owner of the property. Intent to Lien at least fifteen days before the mechanics lien is recorded. After that, the unpaid contractor, subcontractor or supplier may record his Notice of Lien with the County Recorder's Office.

The Nevada mechanic's lien statutes do not govern improvements to public property. Every person (lien claimant) providing work, material, or equipment valued at $500 or more to the construction, alteration, or repair of any real property or to an improvement on real property is entitled to a lien for payment.

About Nevada Notice of Intent to Lien Form This document advises the party that a lien will be filed if payment is not received within 15 days. Notices of Intent to lien are frequently successful at producing payment (without having to take the next step of filing a lien).

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Nevada Lien Law Summary