Elgin Illinois Contractor's Verified Statement of Labor and Materials and amount due - Mechanic Liens - Individual

• Category: Illinois Liens - Construction - Mechanics
• State: Illinois
• Control #: IL-01-09
• Format: Word; Rich Text

Description

Pursuant to 770 ILCS 60/5, this form is for an individual contractor to give an owner notice of all parties who are to furnish labor or materials and the amounts due. Merchants and dealers in materials are not required to give this statement. Elgin Illinois Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Individual is a legal document used by contractors in Elgin, Illinois to assert their rights to payment for labor and materials provided for construction projects. This statement plays a crucial role in protecting the contractor's interests by establishing a valid claim for a mechanic's lien. Keywords: Elgin Illinois Contractor's Verified Statement, Labor and Materials, Mechanic Liens, Individual, legal document, construction projects, payment, contractor, rights, claim, lien. There are two main types of Elgin Illinois Contractor's Verified Statements of Labor and Materials and amount due — Mechanic Lien— - Individual: 1. Preliminary Mechanic's Lien Statement: This statement is typically filed by the contractor at the start of a construction project. It includes detailed information about the labor performed and materials supplied by the contractor, along with the amount due. Filing a preliminary lien statement is a crucial step to preserve the contractor's right to file a mechanic's lien later on if necessary. Keywords: Preliminary Mechanic's Lien Statement, start of construction project, detailed information, labor performed, materials supplied, amount due, preserve rights, filing, contractor. 2. Final Mechanic's Lien Statement: This statement is filed by the contractor after the completion of the construction project. It includes a comprehensive account of all labor, materials, and services provided by the contractor, along with the final amount due for the project. Filing a final lien statement helps the contractor assert their right to receive payment for the completed work. Keywords: Final Mechanic's Lien Statement, completion of construction project, comprehensive account, labor, materials, services provided, final amount due, assert rights, payment. By filing these verified statements of labor and materials and amount due, contractors in Elgin, Illinois ensure that they have a valid claim for a mechanic's lien, which acts as a legal tool to secure payment for the work done and materials supplied. It is essential for contractors to understand and utilize these statements to protect their rights and secure their rightful compensation.

Elgin Illinois Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Individual is a legal document used by contractors in Elgin, Illinois to assert their rights to payment for labor and materials provided for construction projects. This statement plays a crucial role in protecting the contractor's interests by establishing a valid claim for a mechanic's lien. Keywords: Elgin Illinois Contractor's Verified Statement, Labor and Materials, Mechanic Liens, Individual, legal document, construction projects, payment, contractor, rights, claim, lien. There are two main types of Elgin Illinois Contractor's Verified Statements of Labor and Materials and amount due — Mechanic Lien— - Individual: 1. Preliminary Mechanic's Lien Statement: This statement is typically filed by the contractor at the start of a construction project. It includes detailed information about the labor performed and materials supplied by the contractor, along with the amount due. Filing a preliminary lien statement is a crucial step to preserve the contractor's right to file a mechanic's lien later on if necessary. Keywords: Preliminary Mechanic's Lien Statement, start of construction project, detailed information, labor performed, materials supplied, amount due, preserve rights, filing, contractor. 2. Final Mechanic's Lien Statement: This statement is filed by the contractor after the completion of the construction project. It includes a comprehensive account of all labor, materials, and services provided by the contractor, along with the final amount due for the project. Filing a final lien statement helps the contractor assert their right to receive payment for the completed work. Keywords: Final Mechanic's Lien Statement, completion of construction project, comprehensive account, labor, materials, services provided, final amount due, assert rights, payment. By filing these verified statements of labor and materials and amount due, contractors in Elgin, Illinois ensure that they have a valid claim for a mechanic's lien, which acts as a legal tool to secure payment for the work done and materials supplied. It is essential for contractors to understand and utilize these statements to protect their rights and secure their rightful compensation.

Law summary