A mechanic's (or construction) lien is a claim created by statute to secure priority of payment for labor performed or materials furnished in the making of improvements on real property. A mechanic's lien attaches to the land as well as improvements on the land. Mechanics' liens are purely statutory in origin, and a mechanic's lien may not exist unless it is expressly created by the terms of a statute. This form is a sample of a certificate of a lienholder that the debt secured by the release has been paid and stating that the lien should be marked discharged in the appropriate land records.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Wake North Carolina Certificate of Satisfaction of Mechanic's or Construction Lien is an important legal document that acknowledges the full repayment or settlement of a mechanic's or construction lien on a property in Wake County, North Carolina. This certificate signifies that any claims or liens placed on the property by contractors, subcontractors, suppliers, or laborers have been satisfied and released. Keywords: Wake North Carolina, Certificate of Satisfaction, Mechanic's or Construction Lien, repayment, settlement, property, Wake County, contractors, subcontractors, suppliers, laborers, claims, released. Different types of Wake North Carolina Certificate of Satisfaction of Mechanic's or Construction Lien may include: 1. Full Satisfaction: This type of certificate is issued when the lien holder has received the full payment for their services, materials, or labor provided on the property. It confirms that the lien has been completely satisfied and released. 2. Partial Satisfaction: In some cases, the amount owed under the lien may be partially paid or settled. A partial satisfaction certificate acknowledges the partial payment made towards satisfying the lien, while the remaining balance is still outstanding. 3. Disputed Lien: Occasionally, a dispute may arise regarding the validity, amount, or justification of a mechanic's or construction lien. In such cases, a disputed lien certificate may be issued, indicating that the lien is currently under dispute and pending resolution. This certificate acknowledges that the lien has not been fully satisfied until a resolution is reached. 4. Release of Lien: When a lien holder voluntarily agrees to release their claim on the property, a release of lien certificate is issued. This certificate serves as evidence that the lien holder has relinquished their rights to any future claims against the property and that the lien has effectively been satisfied. 5. Court-Ordered Satisfaction: In rare instances where legal proceedings are involved, a court may order the satisfaction of a mechanic's or construction lien. This court-ordered certificate verifies that the lien has been formally resolved and satisfied according to the court's decision. Overall, the Wake North Carolina Certificate of Satisfaction of Mechanic's or Construction Lien aims to provide clarity and assurance that any liens on a property have been properly addressed and satisfied, allowing property owners to be free from encumbrances and potential legal complications.
