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

• Category: Illinois Liens - Construction - Mechanics
• State: Illinois
• City: Chicago
• 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. A Chicago Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual refers to the legal document used to release a lien claim filed against a property in the city of Chicago, Illinois, by an individual or a contractor who has provided labor, materials, or services for the improvement or repair of that property. In general, a mechanic's lien is a security interest in the title of a property that ensures payment for any work or services performed or materials supplied for the improvement or construction of that property. However, there might be situations when a lien claim filed by an individual needs to be released or resolved, which is where the Chicago Illinois Release of Filed Lien Claim comes into play. Keywords: 1. Chicago: Refers to the specific city in Illinois where the lien claim and its release are being processed. This indicates the jurisdiction and local regulations that apply. 2. Illinois: Refers to the state in the United States where Chicago is located. Each state may have its own specific laws and requirements regarding lien claims and their release. 3. Release of Filed Lien Claim: Describes the purpose of the document, which is to release or remove the lien claim that has been previously filed against the property. This release relieves the property owner of any encumbrances associated with the lien claim. 4. Mechanic Liens: Indicates that the lien claim pertains specifically to construction or improvement work done on a property. Mechanic liens are commonly filed when contractors, suppliers, or laborers have not been paid for their services. 5. Individual: Refers to the person who filed the lien claim against the property individually, as opposed to a company or organization. An individual might be a contractor, subcontractor, or supplier who worked on the property. Types of Chicago Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual: There may not be different types of this specific release document. Still, there might be slight variations depending on the specific circumstances or details associated with the lien claim and the property in question. These variations can include changes in the release language or additional requirements set forth by the local court or jurisdiction. Ultimately, the purpose of any release of filed lien claim is to clear the property's title from the claim, allowing for the free transfer of the property and resolving any payment disputes that gave rise to the lien claim.

A Chicago Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual refers to the legal document used to release a lien claim filed against a property in the city of Chicago, Illinois, by an individual or a contractor who has provided labor, materials, or services for the improvement or repair of that property. In general, a mechanic's lien is a security interest in the title of a property that ensures payment for any work or services performed or materials supplied for the improvement or construction of that property. However, there might be situations when a lien claim filed by an individual needs to be released or resolved, which is where the Chicago Illinois Release of Filed Lien Claim comes into play. Keywords: 1. Chicago: Refers to the specific city in Illinois where the lien claim and its release are being processed. This indicates the jurisdiction and local regulations that apply. 2. Illinois: Refers to the state in the United States where Chicago is located. Each state may have its own specific laws and requirements regarding lien claims and their release. 3. Release of Filed Lien Claim: Describes the purpose of the document, which is to release or remove the lien claim that has been previously filed against the property. This release relieves the property owner of any encumbrances associated with the lien claim. 4. Mechanic Liens: Indicates that the lien claim pertains specifically to construction or improvement work done on a property. Mechanic liens are commonly filed when contractors, suppliers, or laborers have not been paid for their services. 5. Individual: Refers to the person who filed the lien claim against the property individually, as opposed to a company or organization. An individual might be a contractor, subcontractor, or supplier who worked on the property. Types of Chicago Illinois Release of Filed Lien Claim — Mechanic Lien— - Individual: There may not be different types of this specific release document. Still, there might be slight variations depending on the specific circumstances or details associated with the lien claim and the property in question. These variations can include changes in the release language or additional requirements set forth by the local court or jurisdiction. Ultimately, the purpose of any release of filed lien claim is to clear the property's title from the claim, allowing for the free transfer of the property and resolving any payment disputes that gave rise to the lien claim.

Law summary