Utah Cancellation of Lien by Corporation
About this form
The Cancellation of Lien by Corporation form is a legal document used by corporations to cancel a recorded lien on a property. This form is essential for corporations that have received payment for services rendered or materials provided and need to formally release their claim on the property. Unlike other lien-related forms, this document explicitly acknowledges the payment received and acts to clear the title of the property.
Key parts of this document
- Name and information of the corporation canceling the lien.
- Detailed description of the property subject to the lien.
- Date the lien was initially recorded.
- Amount of payment received that satisfies the lien.
- Acknowledgment of full payment for labor performed or materials furnished.
- Signature of the authorized representative of the corporation.
Common use cases
This form is needed when a corporation has recorded a lien against a property and has since received payment for the work or materials associated with that lien. Using this form ensures that the corporation properly cancels the lien in official records, preventing complications for the property owner when selling or refinancing the property.
Intended users of this form
- Corporations that have filed a lien on a property.
- Corporate representatives or officers authorized to cancel the lien.
- Individuals or parties interested in ensuring that a propertyâs title is clear.
How to prepare this document
- Identify the corporation and enter its name and contact information.
- Provide a complete description of the property subject to the lien.
- Enter the date the lien was originally recorded.
- Specify the payment received and confirm it satisfies the lien.
- Sign the document and include your title within the corporation.
Does this document require notarization?
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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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 enter the correct property description can lead to invalid cancellation.
- Not specifying the full payment amount may cause confusion.
- Omitting necessary signatures can make the form unenforceable.
Why use this form online
- Convenience of immediate access and download from any location.
- Editability allows you to personalize the form easily.
- Reliability of receiving an attorney-drafted legal form.
Key takeaways
- The Cancellation of Lien by Corporation form effectively clears a corporation's claim on a property.
- Proper completion and filing of this form are vital for the property ownerâs title clarity.
- Ensure compliance with any state-specific requirements when using this form.
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FAQ
A Pre lien Notice is a notice provided prior to, at the start of, during or near the end of work on a construction project. The point of a pre lien varies, but many states require a prelien notice prior to the filing of a mechanics lien claim or a construction lien claim.
Among the data included in the SCR is the State's numerical FIPS code, the State's identification number (which must be unique to the case), the case type (IV-D vs.Non IV-D), locate information on persons listed in the case, in addition to other information.
Complete a notice of claim form. Click here to obtain a notice of claim form or call (801) 535-7788 to request a claim form to be mailed or emailed to you. File the notice of claim with the Salt Lake City Recorder. Mailing address: File the notice of claim on time.
What Is a Fraudulent Lien?the claimant is owed money on another job by the same general contractor or property owner, but didn't file a lien on that project before time expired; or. the claimant wants to file a lien because of personal reasons generally related to the identity of the property owner.