Virgin Islands Sample Letter for Notice of Construction Lien and Lis Pendens Notice
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How to fill out Sample Letter For Notice Of Construction Lien And Lis Pendens Notice?
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FAQ
A notice of intent to lien (NOI) ? sometimes called an intent notice or notice of non-payment ? warns the property owner, prime contractor and/or other party that a mechanics lien or bond claim will be filed unless payment of overdue amounts is made within a certain period of time (i.e. 10 days).
But is a notice of interest the same as a property lien? Not necessarily. While a notice of interest is the first step towards filing a property lien, it does not indicate a lien has necessarily been filed.
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.
In other words, if you owe money to someone and fail to repay it, they can file a lien against your home and other property you own. That means they have a right to keep possession of it until you pay your debt in full. A lien also gives them the right to seize and sell your home to cover the outstanding debt.
What is a Notice of Intent to Lien? A Notice of Intent to Lien (NOI) is a document sent to notify certain parties on a construction project of the consequences of non-payment. An NOI is a warning that if payment isn't made, the claimant intends to file a mechanics lien.
A lien can be placed on a premises once the work has been completed or the materials have been supplied. The lien remains on the premises until the debt is paid, until a court order is obtained to remove the lien, or the property is sold by court order.
