New York Public Improvement Lien Form is an official document used to protect contractors and subcontractors who have performed work on a property from non-payment. It is also known as a mechanics lien and is filed in the county where the work was performed. There are three types of New York Public Improvement Lien Forms: a general lien form, a material lien form, and a lien waiver form. The general lien form is used to establish a lien on a property for unpaid labor, services, or materials. The material lien form is used to establish a lien on a property for unpaid materials. The lien waiver form is used to release a lien that has been previously established.
New York Public Improvement Lien Form
State:
New York
Control #:
NY-DOF-17
Format:
PDF
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Description
Public Improvement Lien Form
How to fill out New York Public Improvement Lien Form?
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FAQ
§10(1) Notice of lien may be filed at any time during the progress of the work and the furnishing of the materials, or, within eight months after the completion of the contract, or the final performance of the work, or the final furnishing of the materials, dating from the last item of work performed or materials
Filing a New York mechanics lien involves 3 steps: Fill out the proper NY mechanics lien form. New York law sets specific requirements for the form to use when filing a mechanics lien claim.Serve a copy of the lien on the property owner.Record the lien with the NY county recorder.File an Affidavit of Service.
New York Lien Law § 20 provides that an owner may discharge a mechanic's lien by the payment of money into court. Before a lien foreclosure action is commenced, the discharge is effectuated by depositing with the county clerk a payment equal to the amount claimed in the lien, with interest to the time of the deposit.
(1) By the certificate of the lienor, duly acknowledged or proved and filed in the office where the notice of lien is filed, stating that the lien is satisfied or released as to the whole or a portion of the real property affected thereby and may be discharged in whole or in part, specifying the part.
Pursuant to Section 13 of the Lien Law of New York (the ?Lien Law?), Borrower shall receive the advances secured by this Security Instrument and shall hold the right to receive such advances as a trust fund to be applied first for the purpose of paying the ?cost of improvement,? as such quoted term is defined and used
New York Lien Law § 20 provides that an owner may discharge a mechanic's lien by the payment of money into court. Before a lien foreclosure action is commenced, the discharge is effectuated by depositing with the county clerk a payment equal to the amount claimed in the lien, with interest to the time of the deposit.