The lienor in consideration for final and full payment, waives and releases its lien and right to claim a lien for labor, services, or materials furnished during a certain date.
Arkansas Waiver and Release of Lien by Contractor
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US-01740
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FAQ
For Commercial projects, ARKANSAS Code Annotated §18-44-115 mandates that a Preliminary Notice To Owner (Commercial) must be served to the Owner and General/Prime Contractor of a commercial, non-residential property being improved within seventy-five (75) days after labor or materials are provided for the improvement ...
All parties must provide a Notice of Intent to Lien at least 10 days before filing a lien. In Arkansas, all mechanics liens must be filed within 120 days after last furnishing labor or materials. In Arkansas, an action to enforce a mechanics lien must be initiated within 15 months after the lien was filed.
(a) Every person who may wish to avail himself or herself of the benefit of the provisions of this subchapter shall give ten (10) days' notice before the filing of the lien, as required in 18-44-117(a), to the owner of a building or improvement that he or she holds a claim against the building or improvement, setting ...
Once filed, an Arkansas mechanics lien claim is only valid for a period of 15 months from the date the claim was recorded. Failure to file an enforcement action within that timeframe will cause the claim to expire, and no longer be enforceable.
Filing deadlines: A lien must be filed within 120 days after the last day that labor or materials were furnished to the property. Notice requirements: A notice of the lien must be sent to the property owner within ten days of filing the lien.
Removing a Lien from Your Arkansas Title Your lienholder will likely send you a completed Official Release of Lien (Form 10-315). To apply for a lien-free title in Arkansas, visit your local AR State Revenue Office and: Bring the lien release form provided by the lienholder.
IF BILLS FOR LABOR, SERVICES, OR MATERIALS USED TO CONSTRUCT OR PROVIDE SERVICES FOR AN IMPROVEMENT TO REAL ESTATE ARE NOT PAID IN FULL, A CONSTRUCTION LIEN MAY BE PLACED AGAINST THE PROPERTY. THIS COULD RESULT IN THE LOSS, THROUGH FORECLOSURE PROCEEDINGS, OF ALL OR PART OF YOUR REAL ESTATE BEING IMPROVED.
(a) The lien provided for in this subchapter shall take precedence over, and be superior to, any mortgage or other obligation attaching against the property in all cases in which the holder of the mortgage or other obligation shall permit the property to remain in the possession of and be used by the person owing and ...
