Lien Made Property With Right Of Survivorship

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

Description

The Assignment of Lien by General Contractor is a legal document that facilitates the transfer of a mechanic's lien from one party, the Assignor, to another, the Assignee. This form is particularly useful when a general contractor seeks to assign their lien rights to another entity, typically for the purpose of collecting payment for services rendered. Key features of the form highlight the necessary information, including the names of the parties involved, property details, amount owed, and relevant contract references. Filling out the form requires precision; users must provide accurate dates, addresses, and descriptions to ensure enforceability. The document must also be executed in the presence of a notary public to validate the assignment. Target users include attorneys, partners, and legal assistants, who will find this form beneficial in ensuring that lien assignments comply with state laws. Additionally, paralegals and associates are likely to use this form when assisting in the preparation of lien enforcement actions. Overall, this Assignment of Lien serves as a vital tool in the construction industry for resolving payment disputes effectively.