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 New Mexico Notice of Lien and of Sale of Personal Property Pursuant to Non-Statutory Lien is a legally binding document that informs interested parties about a lien placed on personal property and the subsequent sale of said property to satisfy the debt. This notice is common in situations where a creditor holds a non-statutory lien, meaning the lien does not stem from a specific state law or special statute, but rather from a contractual agreement between the parties involved. Different types of New Mexico Notices of Lien and of Sale of Personal Property Pursuant to Non-Statutory Lien may include but are not limited to: 1. Mechanic's Lien Notice: This notice is typically used by contractors or suppliers who have provided labor, services, or materials for the construction or improvement of a property but have not been fully paid. They can file a mechanic's lien against the property, which serves as collateral until the debt is settled. 2. Storage Lien Notice: Storage facilities retain a lien on the personal property stored within their premises until the rent or other fees owed by the occupant are paid. The notice informs the occupant of the impending sale of their property if the outstanding payments are not made. 3. Artisan's Lien Notice: In cases where an artisan or craftsman has provided services or labor to enhance, improve, or repair personal property, but has not been fully compensated, they may file an artisan's lien to secure their payment. The notice alerts the property owner of the impending sale if the outstanding amount is not satisfied. 4. Garage Keeper's Lien Notice: A garage or repair shop may place a lien on a vehicle if the owner has failed to pay for services rendered. The notice informs the vehicle owner of the intention to sell the vehicle to recover the outstanding debt. 5. Non-Statutory Lien Notice: This type of notice covers various situations where a lien arises from a contractual agreement, outside of specific statutory provisions. It can involve personal property such as equipment, machinery, furniture, or vehicles, securing a debt owed by an individual or business entity. When drafting a New Mexico Notice of Lien and of Sale of Personal Property Pursuant to Non-Statutory Lien, it is crucial to include key information such as the creditor's name and contact details, the debtor's name and contact details, a description of the personal property being claimed, the amount owed, the date of the lien's creation, and the date of the proposed sale. This notice should also comply with New Mexico's specific legal requirements for content and delivery to ensure its validity.
