Tennessee Contractor Lien Release Form

Category:

Construction - Contractors - Refrigeration

State:

Tennessee

Control #:

TN-00462-25

Format:

Instant download

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Description

The Tennessee contractor lien release form is a crucial document that serves to formally release a property from a mechanics lien upon payment for services rendered. This form is essential for contractors, subcontractors, suppliers, and property owners who seek to ensure that financial obligations are met and that there are no remaining liens on the property after payment. Key features of the form include the ability to specify the amount paid, the description of services provided, and the date of release. Users must complete the form accurately, including all relevant details, and ensure signatures from both the contractor and the property owner. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to protect property rights and mitigate legal disputes related to unpaid services. It's particularly beneficial in situations where construction projects have been completed, as it provides assurance to property owners that no further claims can be made once the contractor is compensated. Additionally, it's advisable for users to retain copies for their records to ensure all parties have proof of the completed transactions.

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How to fill out Tennessee Refrigeration Contract For Contractor?

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FAQ

In Tennessee, the title is given to the owner, or if applicable, the first lienholder. When a lien is satisfied, the lienholder is required to sign the release on the title, forward title to the owner and notify the Division within seventy-two (72) hours of the release.

No. Tennessee statute requires that a lien waiver must be expressly agreed to in writing, but the waiver does not need to be notarized.

Generally, Tennessee lien rights are expansive and include contractors, subcontractors, laborers, equipment, and material suppliers to any tier. Design professionals such as surveyors, architects, and engineers all have lien rights as long as they contracted with the property owner.

Here are the steps for completing the Multi-purpose, Noting of Lien, and Duplicate Title Application.Send the completed form.Include all necessary support documentation.Include all fees.Lien notation fee: $11 per lien.County clerk fee: $5.50.State title fee: $5.50.Additional county fees may also apply.More items...?

Waiver of Lien Most of the standard form building contracts make provision for the Employer to provide a payment guarantee to the Contractor in return for which the Contractor waives his lien over any work done in terms of that contract.