A lien is a charge on property for the payment or discharge of a particular debt having priority to the general debts of the owner of the property. Liens may be either general or specific. A specific lien is a charge on particular personal property for the sum due with respect to that particular piece of property.
The following form creates a lien on automobile parts and motors for charges incurred by the Machine Shop for its services and charges in repairing and/or rebuilding the items. Upon failure by Customer to pay all charges for repairing or rebuilding the items, Machine Shop may sell the items by public or private sale, and the net proceeds of such disposition, after deducting all expenses of Machine Shop, shall be credited against the total amount owed by Customer to Machine Shop.. Machine Shop may purchase any of the items at any public or private sale by simply bidding its debt and expenses. No money need change hands, but a record should be kept detailing the date of the sale, the amount paid and the items sold and purchased.
Virginia Authorization for Lien and Sale for Nonpayment of Repair and / or Parts Charges - Car or Automobile
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How to fill out Authorization For Lien And Sale For Nonpayment Of Repair And / Or Parts Charges - Car Or Automobile?
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FAQ
Can an unlicensed contractor file a Virginia mechanics lien? No. Anyone who is required to be licensed by the Virginia Board for Contractors for the work performed, and aren't, are not entitled to lien rights.
Virginia strictly adheres to the 150-day rule for mechanic's liens. The 150-day rule requires that no amounts be included in a mechanic's lien for labor or materials furnished more than 150 days prior to the last date the claimant furnished labor or material to the project.
How to File a Virginia Mechanics Lien ? Step by Step Guide to Get You Paid Virginia mechanics lien law. Licensing requirement. Prepare a Virginia mechanics lien form. ... File the lien with the county recorder office. ... Send a notice. After filing your Virginia mechanics lien. ... Additional Virginia resources.
A Virginia mechanic's lien may have the highest priority of any in the United States. The mechanic's lien claimant will have priority over the construction loan bank. The Virginia mechanic's lien will also survive a foreclosure or any other sale of the property.
Lien of mechanic for repairs. Every mechanic who shall alter or repair any article of personal property at the request of the owner of such property shall have a lien thereon for his just and reasonable charges therefor and may retain possession of such property until such charges are paid.
All persons performing labor or furnishing materials of the value of $150 or more, including the reasonable rental or use value of equipment, for the construction, removal, repair or improvement of any building or structure permanently annexed to the freehold, and all persons performing any labor or furnishing ...
If contractors and suppliers don't get paid on a construction project in Virginia, they can file a mechanics lien to secure payment. A mechanics lien is a legal tool that provides the unpaid party with a security interest in the property.
Which is true of the Virginia Mechanic's Lien Act? It is one of the most strongly written lien laws in the country, so that a Virginia Mechanic's Lien will often take precedence over any other liens or ownership claims.
