This form is used to give notice of an Artisan's Common Law Lien. An artisan, sometimes called a craftsman, is a skilled worker who uses tools and/or machinery in a particular craft. 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.
Virgin Islands Notice of an Artisans Common Law Lien
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How to fill out Notice Of An Artisans Common Law Lien?
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An artisan's lien is a type of lien that gives workers a security interest in personal property until they have been paid for their work on that property.
Contractors, subcontractors, laborers, and material suppliers can file what is called a "mechanics lien" on a homeowner's property if they don't get paid.
EXAMPLE: A clockmaker performs a $150 repair on a customer's clock. Maryland law automatically gives the clockmaker a $150 lien on the clock. If, within 90 days, the customer pays the clockmaker only $50, the clockmaker can sell the clock and keep the proceeds necessary to complete the payment.
A Maryland mechanics lien expires 1 year after filing. Claimants must release or enforce their lien claim within this timeframe.
Mechanic's Lien: A lien on real property to ensure payment for work performed and materials furnished in the repair or improvement of real property. b. Artisan's Lien: A lien on personal property to ensure payment for services performed to repair, improve, or enhance the value of the personal property.