This notice is provided to a property owner by a lien claimant who has not contracted directly with the property owner. No party who has not contracted directly with the property owner may acquire a lien unless this notice is provided timely. If the claim is less than $1000, the lien claimant has seventy-five (75) days to provide notice to the property owner. If the claim is more than $1000, the lien claimant has one hundred twenty (120) days to provide notice to the property owner. Kentucky statutes permit this notice to be mailed to the last known address of the owner, or his duly authorized agent.
Kentucky Notice to Owner - Individual
Category:
State:
Kentucky
Control #:
KY-02-09
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Colorado does not require lien waivers to be notarized in order to be effective.
A lien waiver is signed before a lien is actually filed. The party submitting the lien waiver states that they waive the right to lien against the project. In some instances, the property owner or general contractor may request that you sign and deliver a lien waiver before payment is disbursed.
It basically states that you've paid the subcontractor what is owed, they accept the payment in full, and they waive the right to put a lien on your property. Simply present this form to the subcontractor with your payment and ask them to sign it. Make sure you get their signature!
A lien waiver is quite common in the construction business. Essentially, it is a document from a contractor, subcontractor, supplier, or another party who holds a mechanic's lien that states they have been paid in full and waive future lien rights to the disputed property.
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 main purpose of a lien waiver is to provide protection to the paying party. In exchange for such payment, the lien waiver waives the payee's right to file a lien for the exact value of the payment they have received.
LIen waivers are not required to be notarized. The primary times that a document needs to be notarized is if it is going to be filed with the county recorder or it is an affidavit. There are some other documents that often use notarization, but lien waivers don't fall into any of those that "need to be notarized."
