Alabama Certificate of Satisfaction of Mechanic's or Construction Lien

State:
Multi-State
Control #:
US-01032BG
Format:
Word; 
Rich Text
Instant download

Description

A mechanic's (or construction) lien is a claim created by statute to secure priority of payment for labor performed or materials furnished in the making of improvements on real property. A mechanic's lien attaches to the land as well as improvements on the land. Mechanics' liens are purely statutory in origin, and a mechanic's lien may not exist unless it is expressly created by the terms of a statute. This form is a sample of a certificate of a lienholder that the debt secured by the release has been paid and stating that the lien should be marked discharged in the appropriate land records.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Free preview
  • Preview Certificate of Satisfaction of Mechanic's or Construction Lien
  • Preview Certificate of Satisfaction of Mechanic's or Construction Lien

How to fill out Certificate Of Satisfaction Of Mechanic's Or Construction Lien?

Finding the right legitimate record template can be quite a have a problem. Needless to say, there are tons of themes available online, but how would you obtain the legitimate kind you will need? Make use of the US Legal Forms web site. The service provides a large number of themes, for example the Alabama Certificate of Satisfaction of Mechanic's or Construction Lien, that can be used for business and private requires. Every one of the varieties are inspected by professionals and meet state and federal demands.

If you are previously listed, log in for your profile and click on the Down load option to have the Alabama Certificate of Satisfaction of Mechanic's or Construction Lien. Utilize your profile to appear throughout the legitimate varieties you might have bought formerly. Check out the My Forms tab of your respective profile and acquire yet another version in the record you will need.

If you are a fresh consumer of US Legal Forms, listed here are straightforward instructions for you to stick to:

  • Initially, make certain you have chosen the appropriate kind to your town/state. You may look through the shape utilizing the Preview option and browse the shape outline to make sure this is the best for you.
  • In the event the kind fails to meet your preferences, make use of the Seach field to discover the correct kind.
  • Once you are certain that the shape is acceptable, click on the Acquire now option to have the kind.
  • Choose the rates strategy you would like and type in the necessary info. Make your profile and pay for your order with your PayPal profile or charge card.
  • Choose the data file structure and obtain the legitimate record template for your system.
  • Complete, modify and print out and indication the obtained Alabama Certificate of Satisfaction of Mechanic's or Construction Lien.

US Legal Forms may be the biggest local library of legitimate varieties for which you can discover different record themes. Make use of the service to obtain expertly-made files that stick to condition demands.

Form popularity

FAQ

The Alabama Release of Lien Form is used to cancel a lien that has already been filed. It's most often used to release a lien claim after a lien claimant receives payment. Alabama law requires that a lien cancellation is filed within 30 days after the lien is satisfied.

In Alabama, the mechanic's lien enforcement deadline is six months after the maturity of the indebtedness, which is when the debt became due. If a lawsuit to enforce the lien is not filed within the allotted timeframe, the lien is no longer enforceable against the property.

If contractors and suppliers don't get paid on a construction project in Alabama, they can file a mechanics lien to secure payment. A mechanics lien is a legal tool that provides the unpaid party with a security interest in the property.

Once the lien has arisen, it will continue until the liability for the amount assessed is satisfied, released or becomes unenforceable by reason of lapse of time (i.e. 10 years from the date the lien is filed) (Code Sections 40-1-2, 40-29-20, and 49-29-21).

Remove a Lien from Your AL Title Complete a lien release online. Gather your current vehicle title. Submit the above to the Motor Vehicle Division by mail at the address listed on the lien release application, or in person at your local office.

Mechanics lien claims do not last forever. Alabama mechanics lien law requires that a mechanic's lien be enforced within 6 months from the date the entire amount became due. If this 6-month period passes without an action being filed to enforce the lien, the lien expires.

Alabama law provides for two types of liens: an ?unpaid balance? and a ?full price? lien. An unpaid balance lien extends only to the amount of any unpaid balance due the contractor by the owner or proprietor. In contrast, a full-price lien allows the furnisher of materials to have a lien for the full price thereof.

Trusted and secure by over 3 million people of the world’s leading companies

Alabama Certificate of Satisfaction of Mechanic's or Construction Lien