Oregon Claim of Lien by Corporation
Understanding this form
The Claim of Lien by Corporation is a legal document used by corporations to assert a lien on a property when they have provided labor or materials for an improvement but have not been paid. This form is essential for securing the right to payment by formally notifying the property owner. Unlike informal agreements, this claim is recorded, giving it legal enforceability and priority over other claims against the property. It is based on the Oregon Revised Statutes (ORS 87.010) which outline how liens are established and perfected in Oregon.
Form components explained
- Name of the corporation filing the lien.
- Name of the debtor and the amount owed.
- Situs address of the real property being improved.
- The date labor or materials were last provided.
- Legal description of the property, including metes and bounds.
- Signature and title of the individual completing the form.
When this form is needed
This form should be used when a corporation has provided labor, rented equipment, or furnished materials for construction projects and has not received payment from the property owner or contractor. It must be filed within seventy-five days of ceasing to provide those services or materials or after the completion of the project to enforce the lien rights.
Who can use this document
- Corporations that have contributed to property improvements.
- Business entities seeking to secure payment through a legal lien.
- Contractors and suppliers within the construction industry in Oregon.
How to prepare this document
- Identify the corporation filing the claim and fill in its name and address.
- Provide the debtor's name and the exact amount of the lien being claimed.
- Specify the legal description and situs address of the property involved.
- Include the date when labor and materials were last supplied.
- Have the authorized representative of the corporation sign the form, along with their title.
- Ensure the form is notarized if required and submit it to the appropriate county office.
Does this form need to be notarized?
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to file the claim within the 75-day time limit.
- Not accurately completing the legal description of the property.
- Missing signatures or dates in the required sections.
- Submitting the form to the wrong county recording officer.
- Omitting necessary supporting documents or information.
Benefits of completing this form online
- Convenient access to legal templates that are easy to download and complete.
- Editability allows for customization based on specific situations.
- Reliable forms drafted by licensed attorneys to ensure compliance with state laws.
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FAQ
A lien is a legal right to claim a security interest in a property provided by the owner of the property to the creditor.In other words, a lien ensures that a creditor obtains the right to the property if a borrower fails to meet his legal and/or financial obligations.
A mechanic's lien is a legal claim against a home or other property. Mechanic's liens are typically used by subcontractors and suppliers when they haven't received payment for improvements they made to a property. They are a way to seek payment for the work done remodeling or improving a home.
In the state of Oregon, a lien must be filed within 75 days after the last day of performing labor or providing materials or within 75 days after the completion of construction.
Step 1: Determine if you have the right to file a lien. Step 2: Send notice of right to lien. Step 3: Prepare the lien document. Step 4: File the lien. Step 5: Send notice of lien. Step 6: Secure payment. Step 7: Release the lien.
