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 New Mexico Certificate of Satisfaction of Mechanic's or Construction Lien is an official document used to release and remove any claims made by mechanics or construction lien holders on a property. This document signifies that the lien has been paid in full or resolved, allowing the property owner to prove that the lien no longer exists. In New Mexico, there are two main types of Certificates of Satisfaction of Mechanic's or Construction Lien: 1. Full Satisfaction: This type of certificate is issued when the lien claim has been completely paid off and resolved. It states that the lien holder has received the full amount owed and releases all claims against the property. This is the most common type of certificate used in New Mexico. 2. Partial Satisfaction: In some cases, the lien may be partially satisfied if only a portion of the owed amount has been paid. This type of certificate acknowledges the partial payment and releases the lien holder's claim against the portion that has been satisfied. The remaining amount of the lien, however, remains intact until it is fully paid off. Keywords: New Mexico, Certificate of Satisfaction, Mechanic's Lien, Construction Lien, lien holder, property owner, lien claim, paid in full, resolved, release, full satisfaction, partial satisfaction, owed amount, claims against the property. Please note, it is advisable to consult with a legal professional or research the specific requirements of New Mexico's laws and regulations regarding Certificates of Satisfaction of Mechanic's or Construction Lien for accurate and up-to-date information.
