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.
A Centennial Colorado Release of Lien Pursuant to Notice of Bond is a legal document that serves as a declaration of the release of a lien on a property. This release occurs following the fulfillment of certain conditions, usually upon the completion of a construction project or the settlement of a debt. The purpose of this document is to relieve the property owner from any encumbrances or claims against their property, stating that the lien holder no longer holds a valid legal claim on the property. This release is executed by the lien holder and is filed in the appropriate county records office to ensure the public record accurately reflects the property's lien status. Keywords: Centennial Colorado, Release of Lien, Notice of Bond, property, declaration, settlement of debt, encumbrances, claim, fulfillment, construction project, lien holder, legal claim, county records office, lien status. Different types of Centennial Colorado Release of Lien Pursuant to Notice of Bond may include: 1. Construction Release of Lien Pursuant to Notice of Bond: This type of release pertains to construction projects where a lien was placed on the property until the project's completion. Upon fulfilling all contractual obligations and ensuring all payments, the lien holder issues a release of lien. 2. Debt Settlement Release of Lien Pursuant to Notice of Bond: This release is applicable in situations where a property owner uses their property as collateral to secure a debt. Once the debt is settled and all conditions are met according to the agreement, the lien holder releases the property from the lien. 3. Improvement Release of Lien Pursuant to Notice of Bond: This type of release relates to situations where a property owner secures a loan to make improvements on their property. Once the improvements are completed, all financial obligations are met, and the lien holder issues a release of lien. 4. Maintenance/Repair Release of Lien Pursuant to Notice of Bond: This type of release is relevant when a property owner enlists services or contracts work for maintenance or repairs on their property. It ensures that all work is satisfactory, payments have been made, and the lien holder releases the property from any encumbrances. It is crucial to consult an attorney or legal professional to ensure the accurate preparation and filing of a Centennial Colorado Release of Lien Pursuant to Notice of Bond, as specific requirements and procedures may vary depending on the nature of the lien and local regulations.A Centennial Colorado Release of Lien Pursuant to Notice of Bond is a legal document that serves as a declaration of the release of a lien on a property. This release occurs following the fulfillment of certain conditions, usually upon the completion of a construction project or the settlement of a debt. The purpose of this document is to relieve the property owner from any encumbrances or claims against their property, stating that the lien holder no longer holds a valid legal claim on the property. This release is executed by the lien holder and is filed in the appropriate county records office to ensure the public record accurately reflects the property's lien status. Keywords: Centennial Colorado, Release of Lien, Notice of Bond, property, declaration, settlement of debt, encumbrances, claim, fulfillment, construction project, lien holder, legal claim, county records office, lien status. Different types of Centennial Colorado Release of Lien Pursuant to Notice of Bond may include: 1. Construction Release of Lien Pursuant to Notice of Bond: This type of release pertains to construction projects where a lien was placed on the property until the project's completion. Upon fulfilling all contractual obligations and ensuring all payments, the lien holder issues a release of lien. 2. Debt Settlement Release of Lien Pursuant to Notice of Bond: This release is applicable in situations where a property owner uses their property as collateral to secure a debt. Once the debt is settled and all conditions are met according to the agreement, the lien holder releases the property from the lien. 3. Improvement Release of Lien Pursuant to Notice of Bond: This type of release relates to situations where a property owner secures a loan to make improvements on their property. Once the improvements are completed, all financial obligations are met, and the lien holder issues a release of lien. 4. Maintenance/Repair Release of Lien Pursuant to Notice of Bond: This type of release is relevant when a property owner enlists services or contracts work for maintenance or repairs on their property. It ensures that all work is satisfactory, payments have been made, and the lien holder releases the property from any encumbrances. It is crucial to consult an attorney or legal professional to ensure the accurate preparation and filing of a Centennial Colorado Release of Lien Pursuant to Notice of Bond, as specific requirements and procedures may vary depending on the nature of the lien and local regulations.
