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Subcontractor's Verified Statement - Mechanic Liens - Corporation or LLC - Illinois

Subcontractor's Verified Statement - Mechanic Liens - Corporation or LLC - Illinois 2025

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The document is a 'Subcontractor's Verified Statement' for a corporation in Illinois, where the subcontractor declares their involvement in a construction project. It includes sections for listing parties who provided labor or materials, along with details of contract amounts, payments made, and balances due. The statement requires notarization to verify its authenticity.

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How long does a mechanics lien last in Illinois?

A mechanics lien can be recorded after 4 months and within 2 years of the last date of work but it will only be good against the original owner. Furthermore, subcontractors, those that are hired by a general contractor, must submit notice of their lien claim within 90 days of their last date of furnishing.

Can a contractor file a lien without a contract in Illinois?

Subcontractors and material suppliers that do not have a direct contractual relationship with the property owner must serve the owner and owners lender with a 60 day notice of its intent to lien the property if the property is a single-family occupied home, and must supply the owner and the owners lender with a 90

What is required to file a mechanics lien in Illinois?

In either case, your Mechanics Lien must be in writing and include specific information, such as the amount of the claim, the date on which the work was performed, and the name of the person or entity for whom the work was performed.

Can a subcontractor put a lien on a property in Illinois?

In Illinois, original contractors, and subcontractors who provide labor or materials in the improvement of real property are entitled to lien rights.

What makes the mechanics lien so powerful?

Its a powerful tool that a contractor can use to secure their payment on a project where they have performed work that improved property value but have not received payment. Think of it as a security interest or collateral on the property, making it difficult to sell or transfer ownership until the lien is lifted.

Can you put a mechanics lien on a business?

Mechanics Liens Finally, a supplier, contractor, or subcontractor can place a mechanics lien on the property of a small business if the business fails to pay a debt. For example, if a contractor constructs a new building on a small businesss property, the contractor may file a mechanics lien against the property.

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.

Subcontractor's Verified Statement - Mechanic Liens - Corporation or LLC - Illinois 2025

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How long does a mechanics lien last in Illinois?

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Subcontractor&#039;s Verified Statement - Mechanic Liens - Corporation or LLC - Illinois 2025

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How long does a mechanics lien last in Illinois?

Can a contractor file a lien without a contract in Illinois?

What is required to file a mechanics lien in Illinois?

Can a subcontractor put a lien on a property in Illinois?

What makes the mechanics lien so powerful?

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Subcontractor's Verified Statement - Mechanic Liens - Corporation or LLC - Illinois 2025

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