Oregon Claim of Lien by Corporation
What this document covers
The Claim of Lien by Corporation is a legal document used by corporations to assert a lien on a property for unpaid work, materials, or services provided during the construction or improvement of that property. This form is specifically designed to comply with Oregon law under ORS 87.010, allowing corporations to protect their rights and claims for compensation on construction projects. This form helps ensure that corporations are compensated for their contributions, distinguishing it from other lien types used by individuals or non-corporate entities.
What’s included in this form
- Name and address fields for the claimant and debtor.
- Amount of the lien being claimed.
- Tax assessors account number for the property.
- Situs address of the real property where the lien is claimed.
- Legal description of the property.
- Certification statement regarding the completeness and truthfulness of the claim.
Situations where this form applies
This form should be used when a corporation has provided labor, materials, or services for the improvement of a property and has not been compensated. It is important to file the Claim of Lien within 75 days after the last work was performed or materials were provided to ensure the lien is perfected, giving the corporation a legally enforceable claim over the property until payment is received.
Who should use this form
- Corporations that have supplied labor or materials for a construction project.
- Representatives of corporations authorized to file a claim on behalf of the company.
- Contractors and subcontractors seeking to ensure payment for their services in Oregon.
Steps to complete this form
- Identify the claimant's name, corporation name, and contact information.
- Specify the amount of the lien based on outstanding payments.
- Provide the legal description of the property clearly and accurately.
- Include relevant dates related to the completion of work or provision of materials.
- Obtain the signature of the authorized representative of the corporation.
- Ensure the form is notarized as required in the acknowledgment section.
Is notarization required?
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.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
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.
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.
Avoid these common issues
- Failing to file the lien within the specified 75-day timeframe.
- Inaccurate or incomplete legal descriptions of the property.
- Missing signatures or titles of authorized representatives.
- Not providing a clear amount for the lien claimed.
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.
Main things to remember
- The Claim of Lien by Corporation is essential for protecting a corporation's right to unpaid funds related to construction projects.
- It must be filed within 75 days of the last provision of labor or materials.
- Accurate information and notarization are critical for the validity of the lien claim.
- Completing this form properly helps avoid common pitfalls and enhances the likelihood of successful enforcement.
Looking for another form?
Form popularity
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.