Rockford Illinois General Contractor's Lien - Notice of Lien - Mechanic Liens - Corporation or LLC

• Category: Illinois Liens - Construction - Mechanics
• State: Illinois
• City: Rockford
• Control #: IL-04A-09
• Format: Word; Rich Text

Description

Pursuant to 770 ILCS 60/7, this form is used by a corporate or LLC contractor to establish a claim of lien. A general contractor's lien, also known as a mechanic's lien, is a legal claim that a contractor or subcontractor can place on a property to secure payment for work performed or materials supplied. In Rockford, Illinois, general contractors, as well as corporations or LCS who provide construction services, have the right to file a Notice of Lien to protect their interests. A Notice of Lien is a formal document filed with the county courthouse where the construction project is located. It serves as a public notice to the property owner, any potential buyers, and other interested parties that the contractor has a legal claim to the property due to unpaid bills. This notice must be filed within a specific time frame, usually 90 days after the last day the contractor, subcontractor, or supplier worked on the project. Once the Notice of Lien is filed, it creates a cloud on the property title, making it difficult for the property owner to sell or refinance the property without addressing the outstanding debt. This lien gives the contractor the right to pursue legal action to recover the unpaid amount by forcing a sale of the property, if necessary. There are different types of Mechanic Liens that Rockford, Illinois general contractors, corporations, or LCS can file depending on their role in the construction project: 1. Contractor's Mechanic Lien: A general contractor who directly contracted with the property owner can file this type of lien. It covers all unpaid labor, materials, and equipment costs related to the project. 2. Subcontractor's Mechanic Lien: Subcontractors or suppliers who were hired by a general contractor, but not directly contracted with the property owner, can file this type of lien. It covers their outstanding payments for labor, materials, or equipment supplied. 3. Supplier's Mechanic Lien: Suppliers who provided materials to the project but were not contracted by the general contractor can file this type of lien. It allows them to claim the value of the materials they provided but didn't receive payment for. It is crucial for Rockford, Illinois general contractors, corporations, or LCS to understand their lien rights, timelines, and the specific requirements set forth by the state law to ensure proper enforcement of their claims. Seeking legal advice from experienced construction attorneys or lien specialists can help navigate the complexities of filing and enforcing Mechanic Liens in order to secure payment for their services.

A general contractor's lien, also known as a mechanic's lien, is a legal claim that a contractor or subcontractor can place on a property to secure payment for work performed or materials supplied. In Rockford, Illinois, general contractors, as well as corporations or LCS who provide construction services, have the right to file a Notice of Lien to protect their interests. A Notice of Lien is a formal document filed with the county courthouse where the construction project is located. It serves as a public notice to the property owner, any potential buyers, and other interested parties that the contractor has a legal claim to the property due to unpaid bills. This notice must be filed within a specific time frame, usually 90 days after the last day the contractor, subcontractor, or supplier worked on the project. Once the Notice of Lien is filed, it creates a cloud on the property title, making it difficult for the property owner to sell or refinance the property without addressing the outstanding debt. This lien gives the contractor the right to pursue legal action to recover the unpaid amount by forcing a sale of the property, if necessary. There are different types of Mechanic Liens that Rockford, Illinois general contractors, corporations, or LCS can file depending on their role in the construction project: 1. Contractor's Mechanic Lien: A general contractor who directly contracted with the property owner can file this type of lien. It covers all unpaid labor, materials, and equipment costs related to the project. 2. Subcontractor's Mechanic Lien: Subcontractors or suppliers who were hired by a general contractor, but not directly contracted with the property owner, can file this type of lien. It covers their outstanding payments for labor, materials, or equipment supplied. 3. Supplier's Mechanic Lien: Suppliers who provided materials to the project but were not contracted by the general contractor can file this type of lien. It allows them to claim the value of the materials they provided but didn't receive payment for. It is crucial for Rockford, Illinois general contractors, corporations, or LCS to understand their lien rights, timelines, and the specific requirements set forth by the state law to ensure proper enforcement of their claims. Seeking legal advice from experienced construction attorneys or lien specialists can help navigate the complexities of filing and enforcing Mechanic Liens in order to secure payment for their services.

Law summary