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.
The Wisconsin Certificate of Satisfaction of Mechanic's or Construction Lien is a legal document used to release or discharge an existing mechanic's lien or construction lien on a property in Wisconsin. This document serves as proof that the lien has been satisfied, settled, or released, ensuring that the property owner has fulfilled their obligations or settled any remaining financial liabilities related to the lien. Keywords: Wisconsin, Certificate of Satisfaction, Mechanic's lien, Construction lien, release, discharge, legal document, property, satisfied, settled, financial liabilities. There are two types of Wisconsin Certificate of Satisfaction of Mechanic's or Construction Lien: 1. Full Satisfaction: A Full Satisfaction Certificate is used when the entire lien amount has been paid or satisfied by the property owner or the party responsible. This document indicates that the lien claimant has received the full amount owed, releasing any further claim on the property. 2. Partial Satisfaction: A Partial Satisfaction Certificate is used when only a portion of the lien amount has been paid or satisfied. This document acknowledges the partial payment and reduces the lien claimant's claim against the property by the amount received. It indicates that the lien claimant still retains their rights for the remaining unpaid portion. The Wisconsin Certificate of Satisfaction of Mechanic's or Construction Lien is an essential legal requirement to protect property owners and ensure that they have clear ownership and title to their property. By using this document, property owners can effectively remove any encumbrances or claims on their property, giving them peace of mind and safeguarding their property rights. Note: It is important to consult with a qualified legal professional or an attorney experienced in Wisconsin lien laws to ensure the accurate preparation and filing of the Certificate of Satisfaction of Mechanic's or Construction Lien. Laws and guidelines may vary, and the content provided above does not serve as legal advice.
