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.
Virgin Islands Request By Property Owner for Itemization of Lien Claim
Category:
State:
Multi-State
Control #:
US-01027BG
Format:
Word;
Rich Text
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How to fill out Request By Property Owner For Itemization Of Lien Claim?
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FAQ
A lien is a legal claim against property for outstanding debt. You can file the notice before the project is completed or within thirty days of completion.
If contractors and suppliers don't get paid on a construction project in New York, 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.
New York Lien Law § 19(4) allows a lien to be discharge by filing a bond securing up to 110% of the amount claimed. A mechanic's lien discharge bond is executed by the principal, which requests the bond, and the surety, a financial services company which guarantees payment if the lien claim is proved.
To foreclose on your public improvement lien, it will be necessary to commence a legal action against the City, the contractor, and any other claimants against the contractor. We advise that you consult with legal counsel. Authorities such as Transit, Housing, and School Construction handle their own liens.
New York Lien Law § 38 provides that on demand of the owner or contractor to the lienor, a verified statement in writing, stating the items of labor and/or material which form the basis of the lien, and the value of such labor/material which encompass the lien being asserted.
Claim of Lien: A Claim of Lien is a validly recorded claim against the property for payment of the unpaid balance due. A Claim of Lien is valid for one year and is enforced by filing a lawsuit to foreclose the lien.