Alabama Release of Lien for Contractor

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Multi-State
Control #:
US-01775-AZ-1
Format:
Word; 
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Instant download

Description

This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder under the terms of a contract mentioned in the document.

How to fill out Release Of Lien For Contractor?

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FAQ

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.

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).

Original contractors must file the verified statement of lien within six months after the last of item of work has been furnished. Ala. Code § 35-11-215 (1975).

Notice Of Intent. All lien claimants, except an original contractor must give notice prior to filing a verified statement of lien. The notice must be given in writing to the owner stating that a lien is claimed, setting forth the amount and the subject of the lien, and the person or entity from whom it is owning. Ala.

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.

As mentioned earlier, a contractor or subcontractor's failure to obtain proper licensing is a complete defense to any attempt he or she may make to collect a judgment or enforce a lien in a civil lawsuit for non-payment.

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).

Original contractors must file within 6 months after the last date of furnishing labor and/or materials to the project. Subcontractors and suppliers must file within 4 months after the last date of furnishing labor and/or materials to the project.

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Alabama Release of Lien for Contractor