We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
Accept

New York Satisfaction of Mechanic's Lien

Category:
Affidavits
State:
New York
Control #:
NY-S009ST
Format:
Word; 
Rich Text
Instant download
Buy now

Description

This form is a release of a lien. A mechanic's (or construction) lien is a claim created by statute to secure priority of payment for labor performed or materials furnished in the making of improvements on real property. A mechanic's lien attaches to the land as well as improvements on the land.
A New York Satisfaction of Mechanic's Lien is a document used to indicate that a party has received full or partial payment for services or goods provided. The Mechanics Lien is used to claim a legal claim to the property for any unpaid debt. The lien must be satisfied in order for the debtor to have full ownership of the property. In New York, there are two types of Satisfaction of Mechanics Liens: Full and Partial. A Full Satisfaction of Mechanics Lien is a document used to indicate that the services or goods provided have been fully paid for, and the lien is no longer applicable. A Partial Satisfaction of Mechanics Lien is a document used to indicate that the services or goods provided have only been partially paid for, and the lien is still applicable for the remaining balance owed. Both types of Satisfaction of Mechanics Lien must be filed with the county clerk in order to be legally binding.

A New York Satisfaction of Mechanic's Lien is a document used to indicate that a party has received full or partial payment for services or goods provided. The Mechanics Lien is used to claim a legal claim to the property for any unpaid debt. The lien must be satisfied in order for the debtor to have full ownership of the property. In New York, there are two types of Satisfaction of Mechanics Liens: Full and Partial. A Full Satisfaction of Mechanics Lien is a document used to indicate that the services or goods provided have been fully paid for, and the lien is no longer applicable. A Partial Satisfaction of Mechanics Lien is a document used to indicate that the services or goods provided have only been partially paid for, and the lien is still applicable for the remaining balance owed. Both types of Satisfaction of Mechanics Lien must be filed with the county clerk in order to be legally binding.

Related forms

form-preview
A04 Motion For Temporary Restraining Order and Order To Show Cause

A04 Motion For Temporary Restraining Order and Order To Show Cause

View this form
form-preview
A03 Ex Parte Temporary Restraining Order and Order To Show Cause

A03 Ex Parte Temporary Restraining Order and Order To Show Cause

View this form
form-preview
A02 Certification Pursuant To Rule 65 (A)(b)(B)

A02 Certification Pursuant To Rule 65 (A)(b)(B)

View this form
form-preview
A01 Petition For Divorce

A01 Petition For Divorce

View this form
form-preview
A04 Judicial Declaration of Common Law Marriage

A04 Judicial Declaration of Common Law Marriage

View this form

Viewed forms

form-preview
Alabama No-Fault Agreed Uncontested Divorc...

Alabama No-Fault Agreed Uncontested Divorce Package for Dissolution of Marriage for Persons with No Children with or without Property and Debts

View this form

How to fill out New York Satisfaction Of Mechanic's Lien?

If you’re searching for a way to properly prepare the New York Satisfaction of Mechanic's Lien without hiring a legal representative, then you’re just in the right spot. US Legal Forms has proven itself as the most extensive and reliable library of formal templates for every private and business situation. Every piece of documentation you find on our online service is designed in accordance with nationwide and state laws, so you can be sure that your documents are in order.

Follow these simple instructions on how to get the ready-to-use New York Satisfaction of Mechanic's Lien:

  1. Make sure the document you see on the page complies with your legal situation and state laws by checking its text description or looking through the Preview mode.
  2. Type in the document title in the Search tab on the top of the page and select your state from the dropdown to find an alternative template if there are any inconsistencies.
  3. Repeat with the content verification and click Buy now when you are confident with the paperwork compliance with all the requirements.
  4. ​Log in to your account and click Download. Sign up for the service and choose the subscription plan if you still don’t have one.
  5. Use your credit card or the PayPal option to purchase your US Legal Forms subscription. The blank will be available to download right after.
  6. Decide in what format you want to save your New York Satisfaction of Mechanic's Lien and download it by clicking the appropriate button.
  7. Add your template to an online editor to complete and sign it rapidly or print it out to prepare your hard copy manually.

Another great advantage of US Legal Forms is that you never lose the paperwork you acquired - you can pick any of your downloaded blanks in the My Forms tab of your profile any time you need it.

Form popularity

FAQ

§10(1) Notice of lien may be filed at any time during the progress of the work and the furnishing of the materials, or, within eight months after the completion of the contract, or the final performance of the work, or the final furnishing of the materials, dating from the last item of work performed or materials

New York Lien Law § 20 provides that an owner may discharge a mechanic's lien by the payment of money into court. Before a lien foreclosure action is commenced, the discharge is effectuated by depositing with the county clerk a payment equal to the amount claimed in the lien, with interest to the time of the deposit.

The mechanics lien remains valid for one year provided the affidavit of service of lien is properly completed and filed. The one year time period is measured from filing in the County Clerks Office.

New York Lien Law § 20 provides that an owner may discharge a mechanic's lien by the payment of money into court. Before a lien foreclosure action is commenced, the discharge is effectuated by depositing with the county clerk a payment equal to the amount claimed in the lien, with interest to the time of the deposit.

If you work or provide material to a contractor or subcontractor of a public improvement project for the City, you can file a Notice of Lien. A lien is a legal claim against property for outstanding debt. You can file the notice before the project is completed or within thirty days of completion.

Until service of the notice has been made, as above provided, an owner, without knowledge of the lien, shall be protected in any payment made in good faith to any contractor or other person claiming a lien.

A mechanic's lien can be filed during the course of a construction project when payment becomes due, or it can be filed after the project is completed. However, it must be filed no later than 8 months from the last day that the party asserting the lien (the lienor) performed work or furnished materials for the project.

Lien Law § 17. If the lienor fails to foreclose on the lien before it expires, the lien is automatically extinguished, though it may still be possible to commence a lawsuit for breach of contract.

New York Satisfaction of Mechanic's Lien Related Searches

  • release of mechanics lien california pdf
  • release of mechanics lien form california
  • lien release form california
  • lien release form pdf
  • mechanics lien california requirements
  • release of mechanics lien form
  • mechanics lien california civil code
  • contractor lien release form pdf

More info

Once the claimant has been paid for the full value of the lien (or a lesser, agreedupon amount), they will need to complete the lien release. Minnesota Uniform Conveyancing Blanks.(If lien is released with respect to only part of the property or with respect to an amount smaller than the total claimed, indicate conditions:). A contractor who is supposed to be licensed, but is not, cannot file a mechanic's lien, even if all other provisions of the contract have been met. PLEASE TAKE NOTICE that Sample Company LLC, Lienor, had and claimed a. In most cases, your contractor must give you written notice of intent to file a lien if the contractor is not paid. (If lien is released with respect to only part of the property or with respect to an amount smaller than the total claimed, indicate conditions:). Owner;; Construction lender; and; Surety (in the case of a payment bond). The Claim for which Lien was file in the Office of the Recorder of Deeds of. County,. State of Illinois, on.

Trusted and secure by over 3 million people of the world’s leading companies

New York Satisfaction of Mechanic's Lien
Buy now