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Illinois Contractor's Notice to Owner about Disclosure of Labor and Materials - Mechanic Liens - Corporation or LLC

State:
Illinois
Control #:
IL-02A-09
Format:
Word; 
Rich Text
Instant download

Description

Purusant to 770 ILCS 60/, this form is used by a contractor to give the notice required by statute to an owner. It may be in the body of a contract or a separate document.

How to fill out Illinois Contractor's Notice To Owner About Disclosure Of Labor And Materials - Mechanic Liens - Corporation Or LLC?

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FAQ

In Alberta, for example, your lien is valid for 180 days from the date the lien was placed. In Ontario, liens are only valid for 90 days from the date of last on site working.

The deadline for contractors and subcontractors to file their statement of mechanic's lien is four months (not 120 days) from the last date of work (exclusive of warranty work or other work performed free of charge), or from the last date that materials were supplied to the project.

Posting a Bond Asselta says to expect to pay 110 percent of the lien amount. Submit the bond to the court. The lien will then transfer to the bond and clear the property's title. Wait for the contractor claimant to foreclose on the lien in the allotted period to dispute the lien in court.

When a contractor files a mechanics' (construction) lien on your home, the lien makes your home into what's called security for an outstanding debt, which the contractor claims is due and unpaid for services or materials.

Under Illinois law, any mechanics lien should be filed in the County Recorder of Deeds where the property being liened is located. This is crucial as the lien must be filed not only in the correct county but the correct office as well. The fees and specific document formatting vary depending on your county.

In Illinois, a mechanics lien must be filed within 4 months after completion of work to be effective against subsequent property owners. If the lien is filed after 4 months but before 2 years after completion of work, it will still be effective against the original owner.

Negotiate with the contractor who placed the lien (the "lienor" to remove it. Obtain a lien bond to discharge the lien, or. File a lawsuit to vacate the lien.

WHAT MUST I DO BEFORE I FILE MY LIEN? Usually there is at least one notice that you must mail before you can file your lien. These notices are sometimes called notices of intent to file lien. Illinois Document Preparation fee of $165 includes all required notices of intent.

In order to enforce a lien, the contractor, subcontractor or supplier must file a lawsuit. The deadline to file a lawsuit is two years from the last date work was performed or materials were supplied. A recorded lien is valid for these two years, but a failure to sue within that time frame voids the lien.

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Illinois Contractor's Notice to Owner about Disclosure of Labor and Materials - Mechanic Liens - Corporation or LLC