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Notice Of Intent To Lien
In Mechanic's lien law a ''Notice of Intent to Lien'' (also known as a Notice of Intent, a Notice of Intent to File a Mechanics Lien, an intent notice, an NOI, or a notice of non-payment) is a type of preliminary notice In Mechanics lien law a ''Preliminary Notice'' (also known as a Notice to Owner, Materialmens Notice to Owner, Notice of Furnishing, Contractor/Subcontractors Notice to Owner, and others) is a notice sent by the general contractor, subcontractor, m ... that warns the property owner, prime contractor, and/or other party on a construction that a mechanics lien or bond claim will be filed unless overdue payments are made within a certain period of time. A Notice of Intent to Lien is formally required in nine states. In these states, notices of intent must be sent prior to the filing of a mechanics lien claim. These requirements only exist for private projects, there are no notice of intent requirements on state, federal, and other public works projects. The following st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mechanic's Lien
A mechanic's lien is a security interest in the Title (property), title to property for the benefit of those who have supplied labor or materials that improve the property. The lien exists for both real property and personal property. In the realm of real property, it is called by various names, including, generically, construction lien. The term "lien" comes from a French root, with a meaning similar to wiktionary:link, link, which is itself ultimately descended from the Latin ''ligamen'', meaning "bond" and ''ligare'', meaning "to bind". Mechanic's liens on property in the United States date from the 18th century. History and reasons for existence Mechanic's liens in their modern form were first conceived by Thomas Jefferson, to encourage construction in the new Capital districts and territories#United States, capital city of Washington, D.C., Washington. They were established by the Maryland General Assembly, of which the city of Washington was then a part. However, it is not l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Preliminary Notice
In Mechanics lien law a ''Preliminary Notice'' (also known as a Notice to Owner, Materialmens Notice to Owner, Notice of Furnishing, Contractor/Subcontractors Notice to Owner, and others) is a notice sent by the general contractor, subcontractor, materialmen, equipment lessors or other parties to a construction project ''not'' to create a Mechanics lien but rather to establish the ''right to file a Mechanics lien'' in the event of nonpayment. The distinction is important. If the Preliminary Notice is sent but the claimant's bill is paid, the Preliminary Notice has no further legal effect. However, if the bill is not paid the claimant may now file a Mechanics lien on the owner's property. Most states do not allow the filing of a Mechanics lien A mechanic's lien is a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property. The lien exists for both real property and personal property. In the realm of real pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |