Oregon Claim of Lien by Corporation

State:
Oregon
Control #:
OR-05A-09
Format:
Word; 
Rich Text
Instant download

Description Llc Limited Company

Every person claiming a lien created under ORS 87.010 (1) or (2) shall perfect the lien no later than 75 days after the person has ceased to provide labor, rent equipment or furnish materials or 75 days after completion of construction, whichever is earlier. Every other person claiming a lien created under ORS 87.010 shall perfect the lien not later than 75 days after the completion of construction. All liens claimed shall be perfected as provided by subsections (2) to (4) of this section. A lien created under ORS 87.010 shall be perfected by filing a claim of lien with the recording officer of the county or counties in which the improvement, or some part thereof, is situated.


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Limited Liability Company Other Form Names

Corporation Liability Company   Limited Liability Company Application   Llc Company Form   Llc Limited Liability Form   Corporation Limited Liability   Or Llc Form   Corporation Llc Limited Liability  

Limited Liability Company Document FAQ

A lien is a legal right to claim a security interest in a property provided by the owner of the property to the creditor.In other words, a lien ensures that a creditor obtains the right to the property if a borrower fails to meet his legal and/or financial obligations.

A mechanic's lien is a legal claim against a home or other property. Mechanic's liens are typically used by subcontractors and suppliers when they haven't received payment for improvements they made to a property. They are a way to seek payment for the work done remodeling or improving a home.

In the state of Oregon, a lien must be filed within 75 days after the last day of performing labor or providing materials or within 75 days after the completion of construction.

Step 1: Determine if you have the right to file a lien. Step 2: Send notice of right to lien. Step 3: Prepare the lien document. Step 4: File the lien. Step 5: Send notice of lien. Step 6: Secure payment. Step 7: Release the lien.

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Oregon Claim of Lien by Corporation