The Cook Illinois Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Individual is a legal document that serves as a method of securing payment for labor, services, or materials provided by contractors in Cook County, Illinois. This statement is specifically designed for individual contractors who have performed work on a construction project and are seeking compensation for their services. The verified statement outlines the details of the work performed, including the labor and materials used, as well as the amount of money due for these services. By filing this statement, individual contractors can assert their right to a mechanic's lien, which is a legal claim on the property being worked on until payment is received. Some relevant keywords associated with the Cook Illinois Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Individual include: 1. Cook County: This refers to the location where the construction project takes place and where the document will be filed. 2. Contractor: This term represents the individual who undertakes the work and seeks payment. 3. Verified statement: This phrase indicates that the information provided in the document has been confirmed or verified by the contractor. 4. Labor and materials: These keywords highlight the essential elements of the work performed and the items used in the construction project. 5. Mechanic's lien: This legal claim allows contractors to secure the property they worked on until payment is received. 6. Individual: This descriptor specifies that the statement is intended for individual contractors, distinguishing it from statements used by other entities like corporations or partnerships. While there may not be different types of Cook Illinois Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Individual, variations may exist based on specific project requirements or legal considerations. It is crucial for contractors to consult with legal professionals to ensure compliance with local laws and tailor the statement accordingly. Note: The content provided here is for informational purposes only and should not be construed as legal advice. Consulting an attorney familiar with mechanic's liens in Cook County, Illinois, is recommended for accurate guidance in this matter.
Cook Illinois Contractor's Verified Statement of Labor and Materials and amount due - Mechanic Liens - Individual
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FAQ
In Illinois, a mechanics lien must be filed within 4 months after completion of work to be effective against subsequent property owners. If the lien is filed after 4 months but before 2 years after completion of work, it will still be effective against the original owner.
Under Illinois law, a mechanics lien should be filed in the County Recorder of Deeds where the property is located. This is crucial as the lien must be filed not only in the correct county but the correct office as well. The fees and specific document formatting vary depending on your county.
The deadline for contractors and subcontractors to file their statement of mechanic's lien is four months (not 120 days) from the last date of work (exclusive of warranty work or other work performed free of charge), or from the last date that materials were supplied to the project.
If contractors and suppliers don't get paid on a construction project in Illinois, 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.
Mechanics Liens in Illinois are governed by the Illinois Mechanics LIen Act (770 ILCS 60/0.01, et seq.). The purpose of the Mechanics Lien Act is to ensure that contractors and subcontractors who provide labor, materials, fixtures, or machinery to improve real estate receive payment for their services and materials.
Who can file an Illinois mechanics' lien Claim? Contractors, as well as subcontractors and material suppliers can file an Illinois construction lien. If a company does not have a contract with the owner or with the contractor, they are not eligible to file an Illinois mechanics lien claim.
The Time Comes To File your Illinois Mechanics Lien In Illinois, the lien must be verified by the subcontractor with an affidavit, and must include a statement detailing the contract, the balance due, and the legal description of the property that you are attaching the lien to.
When a lien has expired, it should either be automatically dissolved, or an owner should be able to remove the lien without an extensive, drawn-out process. Something as simple as a mere filing by the property owner (with notice to the lienor) should be possible to discharge a lien.
The deadline to file a lawsuit is two years from the last date work was performed or materials were supplied. A recorded lien is valid for these two years, but a failure to sue within that time frame voids the lien. It will expire, and with it, the right to sue.
Where do I file a mechanics lien in Cook County, Illinois? You should file your mechanics lien with the County Recorder of Deeds. You can do this in person, by mail, or electronically. Bridgeview Court Bldg.