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Indiana statute restricts lien waivers. The state prohibits unconditional lien waivers, as long as they are not advance lien waivers. State law prohibits the waiver of the right to file a lien prior to payment for the labor. Contracts requiring a party to waive their claims under a payment bond are prohibited.
Indiana mechanics lien law requires parties who do not have a direct contract with the owner to provide preliminary notice. Sending this notice is required in order to preserve their lien rights. The notice required is called a Preliminary Notice to Owner of Mechanic's Lien Rights.
About Indiana 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.
PREPARING THE INDIANA MECHANICS 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.
Yes. Indiana law presumes that homeowners are ignorant of subcontractors' or materials suppliers' rights to file mechanic's liens on the homes.
Within sixty (60) days of the last day the contractor or supplier, described in A., provided labor, materials or equipment on the job site, the contractor or supplier must file a NOTICE OF LIEN with the Recorder's Office in the County where the project is located.
Indiana law requires that your lien claim must be sworn to or verified and contain the following information: The amount claimed. Your name and address. The owner's name and address. The legal description, street, and number (if any) of the property.