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 Idaho Certificate of Satisfaction of Mechanic's or Construction Lien is a legal document used to release or discharge a mechanic's lien or construction lien placed on a property in Idaho. This certificate acknowledges that the lien has been satisfied, paid, or otherwise resolved, and provides proof of the lien's release. Keywords: Idaho, Certificate of Satisfaction, Mechanic's lien, Construction lien, release, discharge, property, paid, resolved, proof. There are two types of Idaho Certificate of Satisfaction of Mechanic's or Construction Lien: 1. Full Satisfaction Certificate: This type of certificate is issued when the lien claimant has been fully paid or has otherwise resolved the mechanic's lien or construction lien. It states that all outstanding debts related to the lien have been satisfied and releases the property from the encumbrance of the lien. 2. Partial Satisfaction Certificate: In some cases, a mechanic's lien or construction lien may not be fully satisfied, but a partial payment has been made. Therefore, a partial satisfaction certificate is issued to acknowledge the payment made and release a portion of the lien from the property. This document is typically used when there is an agreement between the parties to settle the debt partially. It is essential to file the Idaho Certificate of Satisfaction with the appropriate county recorder's office where the initial lien was recorded. By filing this document, the property owner ensures that the lien's claim is released and the property's title is clear for future transactions or refinancing. To complete the Idaho Certificate of Satisfaction of Mechanic's or Construction Lien, the following information is typically required: — Property owner's name and contact information — Contractor/subcontractor's name and contact information — Information about the original mechanic's lien or construction lien, including recording date and book/page number — Amount and date of the payment made to satisfy the lien — Signatures of the property owner, contractor/subcontractor, and any other relevant parties — Notary acknowledgment of the signatures After the certificate is completed and signed, it should be filed with the county recorder's office along with any applicable filing fees. It is crucial to keep copies of the certificate and proof of filing for future reference or potential disputes. In summary, the Idaho Certificate of Satisfaction of Mechanic's or Construction Lien is a vital document used to release and clear mechanic's liens or construction liens on properties in Idaho. It is available in two types: Full Satisfaction Certificate and Partial Satisfaction Certificate. By filing this document, property owners can ensure the removal of any encumbrances and maintain a clear title for their property.
