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.
The Arkansas Certificate of Satisfaction of Mechanic's or Construction Lien is an important legal document that signifies the release or satisfaction of a lien placed on a property by a construction or mechanic's lien claimant. This certificate serves as proof that the lien claim has been resolved, thereby allowing the property owner to proceed with necessary transactions like refinancing or selling the property without any legal impediment. Keywords: Arkansas Certificate of Satisfaction, Mechanic's Lien, Construction Lien, lien claimant, release, property owner, refinancing, selling property, legal impediment. In Arkansas, there are two main types of Certificates of Satisfaction of Mechanic's or Construction Lien, namely: 1. Arkansas Certificate of Satisfaction of Mechanic's Lien: This document is used when a mechanic's lien has been placed on a property due to unpaid contractor or subcontractor bills for labor, materials, or services provided for construction, repair, or improvement of the property. The Certificate of Satisfaction certifies that the mechanic's lien has been resolved, and the claimant acknowledges that they have received payment or other forms of settlement, thereby releasing their claim against the property. 2. Arkansas Certificate of Satisfaction of Construction Lien: This certificate is applicable when a construction lien has been filed against a property. Construction liens are typically filed by general contractors, suppliers, or subcontractors who have not been paid for their services or materials used in the construction, repair, or improvement of a property. The Certificate of Satisfaction of Construction Lien signifies the resolution of the construction lien claim, stating that the claimant has been satisfied with the payment or other settlement, and therefore, releases their claim on the property. Both types of certificates are crucial for property owners, as they provide legal assurance and peace of mind, enabling them to proceed with property-related transactions without the encumbrance of outstanding mechanic's or construction liens. In conclusion, the Arkansas Certificate of Satisfaction of Mechanic's or Construction Lien confirms the resolution and release of any mechanics or construction lien claims on a property. It is an essential document for property owners to ensure smooth transactions and avoid any legal complications related to unpaid bills or services.
