Virgin Islands Release of Lien for Contractor

State:
Multi-State
Control #:
US-01775-AZ-1
Format:
Word; 
Rich Text
Instant download

Description

This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder under the terms of a contract mentioned in the document.

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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.

In Virginia the time for filing a mechanic's lien notice is 90 days after the end of the month in which labor or supplies were furnished to the building site, or 90 days after the project is completed, whichever comes first. This translates to 123 days for convenience in the title industry.

In New Jersey, everyone- general contractors, subcontractors, and suppliers- must have a written contract in order to have the right to later file a construction lien.

In Florida, a Claim of Lien is valid for one year after it has been recorded. Failure to foreclose the claim of lien within this time frame will invalidate the lien and the right to file a claim will be lost.

Notices of Commencement are required in Florida. Property owners must get them filed.

Even though sending a Notice of Intent to Lien is an optional (not required) step in the state of Florida, they are frequently successful at producing payment (without having to take the next step of filing a lien).

In the state of Florida, a Notice to Owner or NTO is one of the most important collection tools available to you. If you are making improvements to a construction project but do not have a contract with the owner of the property, then to secure your lien or bond claim rights you must send a Notice to Owner (NTO).

Prior to filing a lien, a lienor who does not have a direct contract with the owner, must serve the owner with a Notice to Owner.

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Virgin Islands Release of Lien for Contractor