Toledo Ohio Release of Mechanic's Lien - Corporation

State:
Ohio
City:
Toledo
Control #:
OH-05-09
Format:
Word; 
Rich Text
Instant download

Description

This document is filed with the county recorder and serves as notice to potential purchasers and lien claimants that a particular lien has been satisfied, where the party releasing the lien is a corporation and not an individual.


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FAQ

Manual Lien Release In order to remove the lien from the BMV records, you must take the title to any County Clerk of Courts Title Office and apply for a title. The County Clerk of Courts Title Office will issue you a new paper title.

5 ? Allowing the Lien to Expire. Mechanic's liens are valid for 6 years, unless a Notice to Commence Suite is served on the lien claimant. 15 A Notice to Commence Suit can be issued by the Owner or by the General Contractor, on behalf of the Owner.

An owner of property in the State of Ohio that discovers or is notified of a mechanic's lien filed against his or her property may force a resolution of the matter by filing a notice to bring suit and posting an Ohio lien release bond with the county recorder in which the property is located.

Lien release letters should have a conspicuous title such as ?Release of Lien? at the top of the page. The first paragraph should list the date the lien was placed on the property and the names and addresses of both the lienholder and the owner of the property.

If the the owner does not file a Notice to Commence Suit, the Mechanics' Lien expires after 6 years. After the lien has been satisfied or adjudged against the subcontractor, the lienholder has 30 days to release the lien, or be held liable for damages and costs.

Unfortunately, the only way to remove an invalid lien in Ohio is to file a lawsuit and get a ruling from a court that the lien is invalid.

Ohio does not require that a lien waiver be notarized.

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Toledo Ohio Release of Mechanic's Lien - Corporation