Lien Assignment With Augmented Addition

• Category: Liens - Construction - Mechanics
• State: Multi-State
• Control #: US-02836BG
• Format: Word; Rich Text

Description

The Assignment of Lien by General Contractor form facilitates the transfer of a mechanic's lien from a contractor (Assignor) to another party (Assignee). This document includes essential details such as the names and addresses of the Assignor, Assignee, and property owner, along with the specifics of the lien amount and the underlying debt. It serves as a legal basis for the Assignee to collect on the lien, granting them authority to act on behalf of the Assignor. Important exhibits, including the contract and notice of lien, must be attached to the form for completeness. This assignment is particularly useful for contractors who need to delegate their lien rights to another party, ensuring they receive compensation for their work. Attorneys can utilize this form to facilitate lien assignments, while paralegals and legal assistants may find it valuable for document preparation and filing processes. It is critical for all users to make sure the form is completed accurately and filed according to state requirements for it to be legally enforceable.