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Rhode Island Notice of Possible Mechanic's Lien - Corporation

State:
Rhode Island
Control #:
RI-08A-09
Format:
Word; 
Rich Text
Instant download

Description Limited Liability Company Agreement

This Notice of Possible Mechanic's Lien form is for use by an individual to notify an owner, lessee or tenant, or owner of less than the fee simple that he or she is about to perform work and/or furnish materials for the construction, erection, alterations, or repair upon the land under contract. This is a notice that the individual and any other persons who provide labor and materials for the improvement under contract with the individual may file a mechanic's lien upon the land in the event of nonpayment to them.

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Corporation Llc Limited Liability Form popularity

Llc Company Form Other Form Names

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Llc Limited Form FAQ

A Lien Demand Letter or Notice of Intent to Lien is a formal demand for payment.A lien demand letter puts a debtor on notice of your intent to lien the job site property by a specific date deadline. Increase your odds of getting paid with a lien demand letter.

Someone who is owed money is generally not able to just put a lien on property without first securing a judgment. Securing a judgment requires the creditor to sue the debtor. This may be through circuit court in many jurisdictions. If under a certain dollar amount, this suit may be through the small claims court.

While it's unlikely that just anyone can put a lien on your home or land, it's not unheard of for a court decision or a settlement to result in a lien being placed against a property.

A lien is a claim on property to ensure payment of a debt. When you borrow money to purchase a car, the lender files a lien on the vehicle with the state to insure that if the loan defaults, the lender can take the car. When the debt is fully repaid, a release of the lien is provided by the lender.

Prepare your Rhode Island Notice of Intention form. Serve the Rhode Island Notice of Intention as a preliminary notice. Record the Rhode Island Notice of Intention as a mechanics lien. File Notice of Lis Pendens and enforce the mechanics lien.

If you're claiming a lien on real property, it must be filed in the recorder's office of the county where the property is located. Expect to pay a filing fee between $25 and $50 depending on the location where you file.

The process of bonding off a mechanics lien starts after a claimant has filed a mechanics lien. After the claim is made, a general contractor or a property owner can contact a surety bond company to purchase a surety bond that replaces the value of the lien that was filed against the property.

How does a creditor go about getting a judgment lien in Rhode Island? To attach the lien, the creditor must request execution of attachment within 48 hours after entry of the judgment, then file the execution with the town clerk or recorder of deeds in the Rhode Island town where the debtor's property is located.

Who you are. The services or materials you provided. The last date you provided the services or materials. How much payment should be. The date on which you will file a lien if you do not receive payment. How the debtor should pay.

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Rhode Island Notice of Possible Mechanic's Lien - Corporation