Kentucky Notice of Furnishing - Corporation or LLC

State:
Kentucky
Control #:
KY-01A-09
Format:
Word; 
Rich Text
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Understanding this form

The Notice of Furnishing is a legal document used by corporations or limited liability companies (LLCs) to notify property owners of labor and materials they have provided or will provide for property improvements. This form establishes a potential lien, which is a legal claim against the property for unpaid services or materials. Filing this notice before any mortgage or other lien is recorded ensures that the lien has precedence over those later claims, protecting the rights of the lien claimant.


Key parts of this document

  • Identifying information for the lien claimant, including name, company, and contact details.
  • Details of the labor or materials provided for the property improvement.
  • The property owner’s name and the property description.
  • The total value of the labor and/or materials provided.
  • The relationship of the lien claimant to the property owner (e.g., contractor or subcontractor).
  • Signature and acknowledgment by a notary public, if required.
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Situations where this form applies

This form should be used when a corporation or LLC has provided or will provide labor or materials for property improvements and seeks to establish a lien against that property. It is typically completed before any mortgages or other encumbrances are recorded, ensuring these liens take priority over subsequent claims. Use this form to formally notify the property owner and secure your rights before potential payment disputes arise.

Who can use this document

  • Corporations or LLCs providing construction or renovation services.
  • Contractors and subcontractors who wish to inform property owners of their contribution to a project.
  • Businesses supplying materials for property improvements that intend to secure a lien.
  • Legal representatives handling lien claims for a corporation or LLC.

Completing this form step by step

  • Enter the name and details of the lien claimant, including the company name and contact information.
  • Specify the labor or materials you have provided or will provide, along with the property location and description.
  • State the property owner’s name and the value of the services or materials.
  • Indicate your relationship with the property owner (e.g., contractor, subcontractor).
  • Sign the form and have it acknowledged by a notary public, if necessary.

Notarization requirements for this form

This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.

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Typical mistakes to avoid

  • Failing to provide accurate property descriptions, which can invalidate the claim.
  • Not filing the notice with the county clerk before recording a mortgage or lien.
  • Leaving out signatures or not having the form properly notarized when required.

Benefits of completing this form online

  • Convenience of downloading the form anytime, from anywhere.
  • Editability allows you to fill in the required information accurately.
  • Reliability, as the forms are drafted by licensed attorneys to ensure legal compliance.

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FAQ

Notice of Furnishing is the term for preliminary notice in four states.Most parties who furnish labor and/or materials on construction projects need to send these notices in order to secure lien rights.

How much does it cost to file a mechanics lien in Kentucky? As of January 1, 2020, the cost to file a mechanics lien with a county recorder in Kentucky is $46 for the first 5 pages, and $3 for each page thereafter.

The Notice of Commencement (sometimes called a Notice of Project Commencement, a Notice of Contract, or Affidavit of Commencement) is most simply explained as a document that formally designates the beginning of a construction project.

A Notice of Completion Is: The Notice of Completion typically comes from the property owner on a private project to notify the participants on a project specifically, the parties that have Mechanics Lien Rights that the project has been completed.

Name and address of owner. Name and address of original contractor. Name and address of the party who hired you. Description of the property location. Date of first furnishing services to the project. Name and address of the lien claimant.

Using a Notice of Commencement in Michigan. A Notice of Commencement is a form executed by a land owner or lessee before the start of any actual physical improvement to real property.

To claim a lien in Kentucky, the claimant must file a statement of the account due to him within six (6) months after he ceases to labor or furnish materials. K.R.S. 376.080(1). The statement must be filed in the office of the county clerk of the county in which the building or improvement is situated.

To attach a lien, the creditor records the judgment with the county clerk for the Kentucky county where the debtor has property now or may have any property in the future.

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Kentucky Notice of Furnishing - Corporation or LLC