Colorado Springs Colorado Response to Demand of Supplier of Materials, Machinery, Tools, Laborers, or Services for Information Regarding Owner, Disburser, and Principal Contractor - Corporation

State:
Colorado
City:
Colorado Springs
Control #:
CO-30A-09
Format:
Word; 
Rich Text
Instant download

Description

This Response to Demand of Supplier of Materials, Machinery, Tools, Laborers, or Services for Information Regarding Owner, Disburser, and Principal Contractor form is for use by a corporation who has ordered or contracted for labor, services, machinery, tools, equipment, laborers, or materials to be used in the improvement of property, to respond to the Demand of Supplier of Materials, Machinery, Tools, Laborers, or Services for Information Regarding Owner, Disburser, and Principal Contractor. This response includes the name, address, and telephone number of the owner or reputed owner of the land to be improved; the name, address and telephone number of the principal contractor, if any; the name, address and telephone number of the disburser, if any; and a legal description or the address, if any, of the land to be improved.

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FAQ

If contractors and suppliers don't get paid on a construction project in Colorado, they can file a lien to secure payment (even if they were hired by a tenant). A mechanics lien is a legal tool that provides the unpaid party with a security interest in the property.

Contractors, suppliers, and other parties can only claim a mechanics lien for funds mentioned in written contracts. If it's not in writing?then you don't have lien rights!

General contractors, subcontractors, suppliers, and most others must file a Colorado mechanics lien within 4 months after last providing services or materials.

For contractors that only provided labor, the deadline to file is 2 months after the last day of labor was performed. For contractors that also provided materials, they have 4 months after the last day the materials or labor was provided. Must contact property owner before filing.

Can a lien be placed on your property without you knowing? Yes, it happens. Sometimes a court decision or settlement results in a lien being placed on a property, and for some reason the owner doesn't know about it? initially.

Notice of disburser notices are filed to put the lender on notice that a trade/supplier has done work on the project and that any loan proceeds that are designated for that trade/supplier, must be paid.

Steps to file a Colorado mechanics lien Fill out the right Colorado mechanics lien form. Using a mechanics lien form that meets the statutory requirements, fill it out completely and accurately. Send a Notice of Intent to Lien to the property owner.File your lien claim with the Colorado county recorder.

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Colorado Springs Colorado Response to Demand of Supplier of Materials, Machinery, Tools, Laborers, or Services for Information Regarding Owner, Disburser, and Principal Contractor - Corporation