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How long does a mechanics lien stay on a property in Illinois?

A lien expires if the claimant fails to file suit within (a) two years of completion of the contract or (b) 30-days receipt of a Section 34 demand to commence suit. Liens do not disappear on their own. The easiest way to remove a mechanics lien is by obtaining and recording a lien release from the lien claimant.

How much does it cost to file a mechanics lien in Illinois?

Complete the Illinois Mechanics Lien Affirmation form. This form is available on the website of the Illinois Secretary of State. File the form with the county recorders office in the county where the property is located. Pay the filing fee of $15.

What are the rules for a mechanics lien in Illinois?

To file a mechanics lien in Illinois, the contractor must file a claim of lien with the recorder of deeds office within four months of the last day of work. The claim must include the following information: A statement of the work performed or materials supplied. The date that the work or materials were supplied.

What is the interest on a mechanics lien in Illinois?

Many contractors know that Mechanics Lien Claimants are entitled to 10% interest on amounts they are due from the date due under Section 1 of the Illinois Mechanics Lien Act.