Cook Illinois Release of Filed Lien Claim - Mechanic Liens - Individual

• Category: Illinois Liens - Construction - Mechanics
• State: Illinois
• Control #: IL-010-09
• Format: Word; Rich Text

Description

Pursuant to 770 ILCS 60/35, this form is used by an individual who has filed a lien claim to release the lien from the property. Cook County, Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual is a legal document used to release or remove a filed lien claim related to mechanic liens in Cook County, Illinois. Mechanic liens are typically filed by contractors or subcontractors who have provided labor or materials for construction projects and have not been fully paid for their services. The Cook County, Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual document is specifically designed for use by individuals who have previously filed a lien claim against a property but wish to release it voluntarily. This type of release is commonly used when the lien claimant has received full payment for their work or has resolved the payment dispute with the property owner or general contractor. By executing this document, the individual lien claimant declares that they are willingly and knowingly releasing their filed lien claim against the property. The release legally eliminates the lien claim's validity, ensuring that the property owner's title remains clear and free from any encumbrances. It is important to note that there may be various subtypes or versions of the Cook County, Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual document, specifically tailored to different situations or requirements. Some possible variations could include: 1. Partial Release of Filed Lien Claim: This type of release is used when the lien claimant has reached a partial settlement with the property owner or general contractor, where only a portion of the originally claimed amount has been paid. By executing this release, the lien claimant agrees to release the lien claim for the amount received, while still retaining their rights for the unpaid balance. 2. Conditional Release of Filed Lien Claim: In some cases, a lien claimant might agree to release their filed lien claim conditionally, upon certain terms or conditions being met. This could include the provision of a specific payment amount, the completion of additional work, or the resolution of any outstanding disputes. This type of release ensures that the lien claimant's rights are protected until the specified conditions are fulfilled. 3. Final Release of Filed Lien Claim: This version of the release is used when the lien claimant has received full payment for their services or has come to a complete resolution regarding the payment dispute. By executing the final release, the lien claimant permanently extinguishes their lien claim, providing a complete release of any further liability or encumbrances on the property. In summary, the Cook County, Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual is a legal document used by individuals to release or remove a previously filed lien claim related to mechanic liens in Cook County, Illinois. Different types of this release may include partial releases, conditional releases, and final releases, depending on the specific circumstances and agreements between the lien claimant and the property owner or general contractor.

Cook County, Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual is a legal document used to release or remove a filed lien claim related to mechanic liens in Cook County, Illinois. Mechanic liens are typically filed by contractors or subcontractors who have provided labor or materials for construction projects and have not been fully paid for their services. The Cook County, Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual document is specifically designed for use by individuals who have previously filed a lien claim against a property but wish to release it voluntarily. This type of release is commonly used when the lien claimant has received full payment for their work or has resolved the payment dispute with the property owner or general contractor. By executing this document, the individual lien claimant declares that they are willingly and knowingly releasing their filed lien claim against the property. The release legally eliminates the lien claim's validity, ensuring that the property owner's title remains clear and free from any encumbrances. It is important to note that there may be various subtypes or versions of the Cook County, Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual document, specifically tailored to different situations or requirements. Some possible variations could include: 1. Partial Release of Filed Lien Claim: This type of release is used when the lien claimant has reached a partial settlement with the property owner or general contractor, where only a portion of the originally claimed amount has been paid. By executing this release, the lien claimant agrees to release the lien claim for the amount received, while still retaining their rights for the unpaid balance. 2. Conditional Release of Filed Lien Claim: In some cases, a lien claimant might agree to release their filed lien claim conditionally, upon certain terms or conditions being met. This could include the provision of a specific payment amount, the completion of additional work, or the resolution of any outstanding disputes. This type of release ensures that the lien claimant's rights are protected until the specified conditions are fulfilled. 3. Final Release of Filed Lien Claim: This version of the release is used when the lien claimant has received full payment for their services or has come to a complete resolution regarding the payment dispute. By executing the final release, the lien claimant permanently extinguishes their lien claim, providing a complete release of any further liability or encumbrances on the property. In summary, the Cook County, Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual is a legal document used by individuals to release or remove a previously filed lien claim related to mechanic liens in Cook County, Illinois. Different types of this release may include partial releases, conditional releases, and final releases, depending on the specific circumstances and agreements between the lien claimant and the property owner or general contractor.

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