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.
An Oklahoma Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien is a legal document used to notify interested parties about the impending sale of personal property to satisfy a non-statutory lien in the state of Oklahoma. This notice is typically required when the property owner fails to make agreed-upon payments or fulfill certain obligations specified in a contract or agreement. The purpose of the Oklahoma Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien is to inform any potential buyers and interested parties about the upcoming sale. It serves as a formal announcement, providing detailed information about the property, the reasons for the sale, and the date and location where the sale will take place. There are several types of Oklahoma Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien, depending on the nature of the lien and the property being sold: 1. Mechanic's Lien Notice: This type of notice is used when a contractor or subcontractor hasn't been paid for their services or materials provided for a construction project. It alerts potential buyers that the property's owner owes money for construction work and that the property may be sold to cover the debt. 2. Storage Lien Notice: If a person fails to pay the agreed-upon fees for storing their personal property in a storage facility, the facility operator may issue a Storage Lien Notice. This document informs the public about the upcoming sale of the stored goods to recover the unpaid fees. 3. Landlord's Lien Notice: When a tenant fails to pay rent or violates the lease agreement, the landlord may place a lien on the tenant's personal property as collateral. In such cases, the landlord can file a Landlord's Lien Notice, notifying potential buyers of the tenant's property that it will be sold to satisfy the debt. 4. Secured Loan Lien Notice: In cases where a borrower defaults on a secured loan, such as an auto loan or a mortgage, the lender may file a Secured Loan Lien Notice. This notice serves as a warning to potential buyers that the property may be sold to recover the outstanding loan balance. It is crucial for anyone receiving an Oklahoma Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien to thoroughly review the document and understand their rights and obligations. Additionally, interested parties should take note of the scheduled sale date, time, and location to potentially participate in the sale or dispute the lien's validity if applicable. Failure to take appropriate action within the specified time frame may result in the permanent loss of personal property.
