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 Hawaii Certificate of Satisfaction of Mechanic's or Construction Lien is an important legal document that serves to release a lien on a property. This certificate is used when a lien has been placed on a property due to unpaid services or materials provided by a contractor, subcontractor, or supplier during a construction or improvement project. The purpose of the Hawaii Certificate of Satisfaction of Mechanic's or Construction Lien is to confirm that the lien claimant has received payment or has otherwise agreed to release the lien. This certificate provides proof to the property owner that the lien is no longer valid and the property is free from any encumbrances. There are different types of Hawaii Certificates of Satisfaction of Mechanic's or Construction Lien that can be filed depending on the specific circumstances: 1. Partial Release of Lien: This type of certificate is used when a portion of the outstanding lien amount has been paid or settled. It acknowledges that a partial satisfaction of the lien has been achieved and specifies the amount that has been released. 2. Full Release of Lien: A full release of lien is filed when the entire outstanding lien amount has been paid or otherwise settled. This certificate confirms that the lien claimant has received full satisfaction, releasing any further claim against the property. 3. Release by Bond: In some cases, a property owner may choose to secure a bond to release a lien. This type of certificate acknowledges that the bond has been obtained to cover the amount of the lien, ensuring the property is no longer encumbered. The Hawaii Certificate of Satisfaction of Mechanic's or Construction Lien must be completed accurately and in compliance with the state's laws and regulations. It typically includes information such as the property owner's name, the lien claimant's name, the original lien filing details, the amount of the lien, and the date of satisfaction or payment. In summary, the Hawaii Certificate of Satisfaction of Mechanic's or Construction Lien is a vital document that ensures the release of a lien on a property. Whether it is a partial or full release, or a release by bond, this certificate confirms that the lien claimant has been satisfied and relinquishes any further claim against the property.
