A common-law lien is the right of one person to retain in his possession property that belongs to another until a debt or claim secured by that property is satisfied. It pertains exclusively to personal property. This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A Colorado Notice of Lien and of Sale of Personal Property Pursuant to Non-Statutory Lien is a legal document that allows a party to assert their right to retain possession of personal property until a debt or obligation is fulfilled. This lien empowers the lien holder to sell the property to recover the amount owed if the debt remains unpaid within a specified timeframe. Keywords: Colorado, Notice of Lien, Sale of Personal Property, Non-Statutory Lien There are several types of Colorado Notices of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien: 1. Mechanic's Lien: This type of lien is filed by contractors, subcontractors, or suppliers who perform work or provide materials on a property but haven't received full payment. The Mechanic's Lien allows them to assert their claim against the property to secure payment. 2. Self-Storage Lien: When someone defaults on their payment for a rented storage unit, the owner of the facility may file a Self-Storage Lien. This lien allows the facility owner to auction off the tenant's personal property to recover the unpaid rent or fees. 3. Landlord's Lien: A Landlord's Lien is used by landlords to claim a right to tenant's personal property if they fail to pay rent or violate the lease agreement. The landlord can sell the property to recover outstanding rent or damages as allowed by law. 4. Artisan's Lien: Artisans, such as repairers, upholsterers, or professionals who enhance personal property, can file an Artisan's Lien to protect their rights until they receive compensation for their services. The Colorado Notice of Lien and of Sale of Personal Property Pursuant to Non-Statutory Lien typically includes the following information: 1. Identification of the lien holder: Name, address, and contact information of the party asserting the lien. 2. Debtor information: Name and contact details of the individual or business who owes the debt or obligation. 3. Description of the personal property: Detailed inventory or description of the property subject to the lien. 4. Amount owed: The total outstanding debt or obligation, including any interest or fees. 5. Notice of intent to sell: A statement notifying the debtor that if they fail to pay the debt within a specified timeframe, the lien holder has the right to sell the property to recover the amount owed. 6. Sale details: The time, date, and location of the proposed sale, as well as any auction terms or conditions. 7. Notice requirements: Specific instructions on the manner in which the notice of sale must be given to the debtor, typically via certified mail or personal delivery. It's crucial to ensure compliance with the relevant Colorado laws and regulations when preparing a Notice of Lien and of Sale of Personal Property Pursuant to Non-Statutory Lien. Consulting with a legal professional familiar with Colorado lien procedures is highly recommended ensuring accuracy and adherence to the law.
