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. This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Chicago, Illinois Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien In Chicago, Illinois, the Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien is a legal document used to notify the interested parties about a lien placed on personal property and the subsequent sale of the property to satisfy the debt owed. Keywords: Chicago, Illinois, Notice of Lien, Sale of Personal Property, Non-Statutory Lien, legal document, interested parties, debt owed. Types of Chicago Illinois Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien: 1. Mechanic's Lien: A Mechanic's Lien is commonly used in the construction industry when unpaid contractors or suppliers seek to secure their rights to payment by placing a lien on the property they have contributed to. 2. Storage Lien: A Storage Lien is imposed by a storage facility when a customer fails to pay for their storage unit rental. This allows the storage facility to recover unpaid fees by selling the customer's personal property contained within the unit. 3. Judgment Lien: A Judgment Lien is issued by a court when a creditor obtains a judgment against a debtor who has failed to satisfy a monetary obligation. The lien allows the creditor to collect the debt by selling the debtor's personal property. 4. Tax Lien: A Tax Lien is placed on a taxpayer's property by the government when the taxpayer fails to pay their taxes. It allows the government to collect the unpaid taxes by selling the taxpayer's personal property. 5. Landlord's Lien: A Landlord's Lien is used when a tenant fails to pay their rent or breaches the terms of the lease. This lien allows the landlord to sell the tenant's personal property to recover any outstanding rent or damages. In Chicago, Illinois, these various types of Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien serve as legal tools for creditors, storage facilities, landlords, and suppliers to secure their rights and collect outstanding debts. Compliance with the specific legal requirements is necessary to ensure the validity and enforceability of these liens and the subsequent sale of personal property.Chicago, Illinois Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien In Chicago, Illinois, the Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien is a legal document used to notify the interested parties about a lien placed on personal property and the subsequent sale of the property to satisfy the debt owed. Keywords: Chicago, Illinois, Notice of Lien, Sale of Personal Property, Non-Statutory Lien, legal document, interested parties, debt owed. Types of Chicago Illinois Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien: 1. Mechanic's Lien: A Mechanic's Lien is commonly used in the construction industry when unpaid contractors or suppliers seek to secure their rights to payment by placing a lien on the property they have contributed to. 2. Storage Lien: A Storage Lien is imposed by a storage facility when a customer fails to pay for their storage unit rental. This allows the storage facility to recover unpaid fees by selling the customer's personal property contained within the unit. 3. Judgment Lien: A Judgment Lien is issued by a court when a creditor obtains a judgment against a debtor who has failed to satisfy a monetary obligation. The lien allows the creditor to collect the debt by selling the debtor's personal property. 4. Tax Lien: A Tax Lien is placed on a taxpayer's property by the government when the taxpayer fails to pay their taxes. It allows the government to collect the unpaid taxes by selling the taxpayer's personal property. 5. Landlord's Lien: A Landlord's Lien is used when a tenant fails to pay their rent or breaches the terms of the lease. This lien allows the landlord to sell the tenant's personal property to recover any outstanding rent or damages. In Chicago, Illinois, these various types of Notice of Lien and Sale of Personal Property Pursuant to Non-Statutory Lien serve as legal tools for creditors, storage facilities, landlords, and suppliers to secure their rights and collect outstanding debts. Compliance with the specific legal requirements is necessary to ensure the validity and enforceability of these liens and the subsequent sale of personal property.
