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.
Montana Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien: A Comprehensive Guide A Montana Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien refers to a legal document used in the state of Montana to assert a non-statutory lien on personal property and notify interested parties regarding a sale of the said property to satisfy the outstanding debt or obligation. This procedure safeguards the right of the creditor to recover the owed amount by selling the debtor's personal property. Different Types of Montana Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien: 1. Mechanic's Lien: This is a common type of lien placed on property by contractors, subcontractors, or suppliers who have contributed to the improvement or repair of real property (e.g., constructing or remodeling a building). If the property owner fails to remit the agreed payment for services rendered, the claimant can file a mechanic's lien against the personal property related to the project. 2. Storage Lien: In cases where individuals or businesses have unpaid storage fees, the storage facility owner can file a storage lien against the personal property stored within. The facility owner must follow the prescribed legal procedures to notify the debtor and interested parties regarding the impending sale of the personal property if the debt remains unpaid. 3. Agricultural Lien: This type of lien is relevant to the agricultural industry. For instance, if a farmer borrows money from a lender to purchase farming equipment, the lender may secure the debt using the purchased equipment as collateral. In the case of default, the lender can file an agricultural lien against the personal property, such as the machinery or livestock, and proceed with the sale. 4. Artisan's Lien: Artisan's liens are applicable when someone provides services, labor, or materials to repair or improve personal property. If the debtor fails to pay these owed charges, the service provider can file an artisan's lien on the property to recover the debt by selling the personal property. 5. Garage Keeper's Lien: This type of lien arises when a vehicle is left with a garage or repair shop for services but remains unpaid. The garage owner can file a lien against the vehicle and proceed with selling it to recover the unpaid charges. In summary, a Montana Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien is a legal document used to assert a non-statutory lien on personal property. It provides an avenue for creditors to recover outstanding debts by selling the debtor's personal property, ensuring the collection of overdue payments. Different types of liens, such as mechanic's liens, storage liens, agricultural liens, artisan's liens, and garage keeper's liens, cater to various industries and circumstances, offering protection to creditors and facilitating debt resolution.
