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South Carolina Satisfaction of Mechanic's Lien

South Carolina Satisfaction of Mechanic's Lien

Name: South Carolina Satisfaction of Mechanic's Lien
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.67 (343 reviews)

Category:

South Carolina Liens - Mechanics

State:

South Carolina

Control #:

SC-LR085

Format:

Instant download

Description

This form is a release of a lien. 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.

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FAQ

To perfect a mechanic's lien, the contractor, subcontractor, or supplier must file a notice of mechanic's lien with the Register of Deeds or Clerk of Court of the county where the real property is located and serve the property owner with notice and a copy of the lien within 90 days of the completion of the work. S.C.

Subject to some exceptions, a lien for materials, services, or wages may be registered any time up to 45 days from the day the last materials, services, or wages were provided, or since the contract was abandoned. After those 45 days elapse, the lien expires.

A South Carolina mechanics' lien claim must be filed within 90 days after completion of the contractors work. A lawsuit to foreclose upon the South Carolina construction lien must be brought no later than 6 months after the claimant ceases to furnish labor or materials.

The process of bonding off a mechanics lien starts after a claimant has filed a mechanics lien. After the claim is made, a general contractor or a property owner can contact a surety bond company to purchase a surety bond that replaces the value of the lien that was filed against the property.

Mechanic's liens create a cloud on title, meaning that they appear in public property records. Liens are sometimes said to travel with the land, meaning that anyone who buys your house would take the property subject to the contractor's lien (or, more likely, demand that you pay it off first).

No, your lien should not include interest, attorneys fees, or late fees. Just the principal amount of your claim for labor, materials, services and/or equipment..

In South Carolina, a claimant who has filed a mechanics lien will have 6 months from the last day on which the claimant furnished labor and/or materials to the project to enforce their lien.

To enforce the lien, the contractor must file a lawsuit within 90 days from the date of recording the lien. If this deadline is passed, the contractor may not be able to enforce the lien and may be required to remove the lien.

South Carolina Satisfaction of Mechanic's Lien

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FAQ

How do I file a mechanic's lien in SC?

What is the time frame for a lien?

How long does a contractor have to file a lien in South Carolina?

Can you bond around a mechanic's lien?

Are mechanics liens public record?

Do mechanics liens accrue interest?

How long does a mechanics lien last in South Carolina?

How are mechanic's liens enforced?

How do I bond off a mechanic's lien?

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