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Virginia Certificate of Satisfaction of Mechanic's or Construction Lien

Category:
Liens - Construction - Mechanics
State:
Multi-State
Control #:
US-01032BG
Format:
Word; 
Rich Text
Instant download
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Description

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.

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How to fill out Certificate Of Satisfaction Of Mechanic's Or Construction Lien?

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FAQ

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.

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.

The certificate of satisfaction shall be signed by the creditor or hisduly authorized agent, attorney or attorney-in-fact, or any person to whomthe instrument evidencing the indebtedness has been endorsed or assigned forthe purpose of effecting such release.

How does a creditor go about getting a judgment lien in Virginia? To attach the lien, the creditor records the judgment on the county recorder's lien docket in any Virginia county where the debtor owns property now or may own property in the future.

Mechanics lien agent is a representative of a title insurance company, a lender's agent, or an attorney licensed to practice in Virginia. They serve the owner and collect the notices from those providing services and materials on the construction projects.

PREPARING THE VIRGINIA MECHANICS LIEN Every mechanics lien typically must contain the owner's name, a general description of the property and location, the name of the hiring party, the first and last date of work a description of the work performed, and the amount of money owed.

If your occupation requires a license ing to the Virginia contractor requirements, you can only file a Mechanics' Lien if you have been operating under a valid license. You will need to include your certificate or license number and its expiration date in the lien form.

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