Pursuant to Colorado Revised Statute section 38-22-129(4), a construction lien may be deemed released upon the filing of a statement by the contractor and his surety that a satisfactory bond is in place and that the lien claimant is entitled to the benefits of said bond.
Arvada Colorado Release of Lien Pursuant to Notice of Bond A Release of Lien Pursuant to Notice of Bond is a legal document used in Arvada, Colorado, to release a property lien that has been filed as a result of non-payment or disputes related to construction projects. This document certifies that the property owner has fulfilled their financial obligations and provides evidence that the lien should be removed from the property's title. In Arvada, Colorado, there are two primary types of Release of Lien Pursuant to Notice of Bond: 1. Release of Lien Pursuant to Notice of Bond for Public Projects: — This type of release is applicable for construction projects involving public entities such as government buildings, schools, roads, or parks. — It ensures that contractors, subcontractors, or suppliers who have provided services or materials for the project are compensated appropriately. — Once the bond is posted, any liens filed against the property can be released upon the completion of the project. 2. Release of Lien Pursuant to Notice of Bond for Private Projects: — This type of release is used for private construction projects such as residential or commercial buildings. — It serves a similar purpose to the public project release, ensuring that contractors, subcontractors, or suppliers are paid for their contributions. — By posting a bond, the property owner can protect themselves from potential liens that could arise due to non-payment. Key elements of a Release of Lien Pursuant to Notice of Bond in Arvada, Colorado, include: — Identification of the parties involved: This includes the property owner, contractor or subcontractor, and any other relevant parties. — Description of the construction project: A detailed overview of the project, including the type of work being done and the project's location. — Bond information: This includes the bond number, amount, and effective dates to ensure proper identification and verification. — Acknowledgment of payment: The property owner acknowledges that they have made the required payments, satisfying their financial obligations to the contractor or subcontractor. — Lien release: This document serves as a formal release of the lien against the property, clearing the title from any encumbrances related to the construction project. The Arvada Colorado Release of Lien Pursuant to Notice of Bond ensures fair compensation for contractors, subcontractors, and suppliers involved in both public and private construction projects. By utilizing this document, property owners in Arvada can safeguard their property's title from any lingering liens and maintain a clear ownership status.Arvada Colorado Release of Lien Pursuant to Notice of Bond A Release of Lien Pursuant to Notice of Bond is a legal document used in Arvada, Colorado, to release a property lien that has been filed as a result of non-payment or disputes related to construction projects. This document certifies that the property owner has fulfilled their financial obligations and provides evidence that the lien should be removed from the property's title. In Arvada, Colorado, there are two primary types of Release of Lien Pursuant to Notice of Bond: 1. Release of Lien Pursuant to Notice of Bond for Public Projects: — This type of release is applicable for construction projects involving public entities such as government buildings, schools, roads, or parks. — It ensures that contractors, subcontractors, or suppliers who have provided services or materials for the project are compensated appropriately. — Once the bond is posted, any liens filed against the property can be released upon the completion of the project. 2. Release of Lien Pursuant to Notice of Bond for Private Projects: — This type of release is used for private construction projects such as residential or commercial buildings. — It serves a similar purpose to the public project release, ensuring that contractors, subcontractors, or suppliers are paid for their contributions. — By posting a bond, the property owner can protect themselves from potential liens that could arise due to non-payment. Key elements of a Release of Lien Pursuant to Notice of Bond in Arvada, Colorado, include: — Identification of the parties involved: This includes the property owner, contractor or subcontractor, and any other relevant parties. — Description of the construction project: A detailed overview of the project, including the type of work being done and the project's location. — Bond information: This includes the bond number, amount, and effective dates to ensure proper identification and verification. — Acknowledgment of payment: The property owner acknowledges that they have made the required payments, satisfying their financial obligations to the contractor or subcontractor. — Lien release: This document serves as a formal release of the lien against the property, clearing the title from any encumbrances related to the construction project. The Arvada Colorado Release of Lien Pursuant to Notice of Bond ensures fair compensation for contractors, subcontractors, and suppliers involved in both public and private construction projects. By utilizing this document, property owners in Arvada can safeguard their property's title from any lingering liens and maintain a clear ownership status.
