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.
A Tennessee Certificate of Satisfaction of Mechanic's or Construction Lien is a legal document used to release or cancel a mechanic's or construction lien filed against a property in the state of Tennessee. This certificate acts as proof that the lien has been satisfied and the owner's debt has been settled, allowing the property owner to regain full control over the property. Keywords: Tennessee, Certificate of Satisfaction, Mechanic's lien, Construction lien, property, legal document, release, cancel, debt, settled. Types of Tennessee Certificate of Satisfaction of Mechanic's or Construction Lien: 1. Voluntary Release: This type of certificate is filed by the lien holder to voluntarily release the mechanic's or construction lien upon receiving full payment or a satisfactory settlement. It demonstrates the lien holder's agreement that the debt has been settled, and the lien is no longer valid. 2. Court-Ordered Release: In some cases, a court may order the cancellation or satisfaction of a mechanic's or construction lien. This type of certificate is filed as a result of a court's decision, which concludes that the lien is no longer valid due to various reasons such as lack of proof, procedural errors, or disputes between parties. 3. Settlement Agreement: When parties involved in a lien dispute reach a mutual settlement or agreement, a certificate of satisfaction may be filed to indicate that the lien has been satisfied as per the terms of the agreement. This type of certificate provides evidence that both parties have come to a resolution regarding the debt and the lien can be released. 4. Incorrectly Filed Lien Release: Sometimes, a lien may be filed by mistake or error. In such cases, the lien holder can file a certificate of satisfaction stating that the original lien filing was incorrect and that it should be released or canceled. This certificate ensures that the property owner's rights are restored and the incorrect lien filing is rectified. It is worth noting that each type of Tennessee Certificate of Satisfaction of Mechanic's or Construction Lien serves a specific purpose and requires specific documentation to support the satisfaction or release of the lien. It is essential to follow the appropriate legal procedures while preparing and filing the certificate to ensure its validity and effectiveness in releasing the lien.
