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 Missouri Certificate of Satisfaction of Mechanic's or Construction Lien is a legal document that signifies the release or discharge of a recorded lien on a property. This certificate is highly significant for property owners, borrowers, and contractors involved in construction or remodeling projects. Keywords: Missouri, certificate of satisfaction, mechanic's lien, construction lien, release of lien. There are different types of Missouri Certificates of Satisfaction of Mechanic's or Construction Lien, depending on the specific lien being discharged. Here are a few examples: 1. Missouri Certificate of Satisfaction of Mechanic's Lien: This type of certificate is used to release a mechanic's lien placed on a property to secure payment for labor, materials, or services provided during construction, improvement, or repair work. It confirms that the lien has been fully satisfied or paid, allowing property owners to regain full control of their property. 2. Missouri Certificate of Satisfaction of Construction Lien: Construction liens are often filed by contractors, suppliers, or subcontractors to protect their right to payment for work performed or materials provided on a construction project. A Certificate of Satisfaction of Construction Lien acknowledges that the lien has been satisfied, and the claimant no longer holds a legal interest in the property. 3. Partial Missouri Certificate of Satisfaction of Mechanic's or Construction Lien: In certain situations, a lien claimant may receive partial payment, reducing the amount of the original lien. In such cases, a Partial Certificate of Satisfaction is issued to acknowledge the partial satisfaction of the lien amount, indicating the remaining balance that still needs to be paid. 4. Missouri Certificate of Final Satisfaction of Mechanic's or Construction Lien: Once a mechanic's or construction lien has been fully paid, a Certificate of Final Satisfaction is issued by the lien claimant to confirm that there are no further outstanding obligations or liens on the property. This certificate provides assurance to property owners and future buyers that all claims have been settled. Understanding the significance of the different types of Missouri Certificates of Satisfaction of Mechanic's or Construction Lien is crucial for property owners, contractors, and lien claimants. These certificates enable smooth property transactions and ensure that all parties involved in a construction project are protected and fairly compensated.
